Stratus Properties (NASDAQ:STRS) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Stratus Properties (NASDAQ:STRS) from a Buy to a Hold, while Weiss Ratings reiterated a Sell and MarketBeat shows the stock's average rating as Sell.
• Shares opened at $30.41 (52‑week range $15.10–$32.93) with a market cap of ~$242.7M and a PE of 20.8, and insiders — including Oasis Management — recently sold shares; insiders own 10% of the company while institutional investors hold about 61.6%.

Stratus Properties (NASDAQ:STRS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Stratus Properties in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

Stratus Properties Trading Down 0.6%

Shares of STRS opened at $30.41 on Friday. Stratus Properties has a fifty-two week low of $15.10 and a fifty-two week high of $32.93. The company's fifty day moving average is $30.17 and its 200 day moving average is $25.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.99 and a current ratio of 3.99. The stock has a market capitalization of $242.67 million, a PE ratio of 20.83 and a beta of 1.20.

Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The financial services provider reported $2.41 earnings per share for the quarter. Stratus Properties had a net margin of 40.06% and a return on equity of 3.66%. The company had revenue of $8.30 million for the quarter.

Insider Transactions at Stratus Properties

In related news, major shareholder Oasis Management Co Ltd. sold 3,148 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $30.08, for a total transaction of $94,691.84. Following the sale, the insider directly owned 1,116,095 shares of the company's stock, valued at approximately $33,572,137.60. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 17,965 shares of company stock worth $541,396 over the last quarter. Corporate insiders own 10.00% of the company's stock.

Institutional Trading of Stratus Properties

Hedge funds have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. boosted its holdings in Stratus Properties by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider's stock worth $3,093,000 after buying an additional 700 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Stratus Properties by 12.4% during the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider's stock worth $1,430,000 after buying an additional 6,512 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Stratus Properties by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider's stock worth $181,000 after buying an additional 2,367 shares in the last quarter. State Street Corp boosted its holdings in Stratus Properties by 2.9% during the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider's stock worth $2,131,000 after buying an additional 2,446 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Stratus Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock worth $9,107,000 after buying an additional 7,994 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

Stratus Properties Company Profile

Stratus Properties, Inc NASDAQ: STRS is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.

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