Stratus Properties (NASDAQ:STRS) Downgraded by Wall Street Zen to "Sell"

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

Stratus Properties Stock Up 1.0%

Shares of STRS traded up $0.18 during trading hours on Friday, hitting $17.84. 1,816 shares of the company were exchanged, compared to its average volume of 8,316. Stratus Properties has a 52 week low of $15.10 and a 52 week high of $30.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $144.02 million, a PE ratio of 127.47 and a beta of 1.15. The firm's 50 day moving average is $18.13 and its 200-day moving average is $20.09.

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

Institutional Investors Weigh In On Stratus Properties

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Stratus Properties by 124.4% during the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider's stock valued at $250,000 after acquiring an additional 5,323 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in Stratus Properties by 46.1% in 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 grew its stake in shares of Stratus Properties by 11.6% in the 4th quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider's stock worth $949,000 after buying an additional 4,743 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Stratus Properties by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider's stock worth $105,000 after purchasing an additional 713 shares during the period. Finally, Barclays PLC boosted its stake in shares of Stratus Properties by 14.7% during the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider's stock worth $175,000 after purchasing an additional 1,081 shares during the period. Institutional investors own 61.63% of the company's stock.

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.