Wall Street Zen Downgrades Stratus Properties (NASDAQ:STRS) to Sell

Wall Street Zen lowered shares of Stratus Properties (NASDAQ:STRS - Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

Stratus Properties Price Performance

Stratus Properties stock traded up $1.67 during midday trading on Friday, reaching $19.20. The company's stock had a trading volume of 6,717 shares, compared to its average volume of 8,298. Stratus Properties has a 52 week low of $15.10 and a 52 week high of $30.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $18.13 and a 200-day moving average price of $20.01. The stock has a market cap of $155.00 million, a PE ratio of 137.14 and a beta of 1.15.

Stratus Properties (NASDAQ:STRS - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.36) earnings per share for the quarter. The firm had revenue of $5.04 million for the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Stratus Properties by 124.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider's stock worth $250,000 after purchasing an additional 5,323 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of Stratus Properties by 46.1% during the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider's stock valued at $5,384,000 after acquiring an additional 81,895 shares during the last quarter. Tectonic Advisors LLC raised its holdings in shares of Stratus Properties by 11.6% during the 4th quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider's stock valued at $949,000 after buying an additional 4,743 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Stratus Properties by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider's stock worth $105,000 after buying an additional 713 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Stratus Properties by 14.7% during the fourth quarter. Barclays PLC now owns 8,416 shares of the financial services provider's stock valued at $175,000 after purchasing an additional 1,081 shares in the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Stratus Properties Company Profile

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.