Stratus Properties (NASDAQ:STRS) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Stratus Properties (NASDAQ:STRS - Get Free Report) in a note issued to investors on Friday. The brokerage set a "sell" rating on the financial services provider's stock.

Stratus Properties Price Performance

NASDAQ:STRS traded up $0.30 during mid-day trading on Friday, reaching $18.31. The stock had a trading volume of 7,327 shares, compared to its average volume of 8,417. The stock has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $20.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. Stratus Properties has a 12 month low of $15.10 and a 12 month high of $30.66. The stock has a market capitalization of $147.82 million, a PE ratio of 130.79 and a beta of 1.15.

Stratus Properties (NASDAQ:STRS - Get Free Report) last announced its quarterly earnings data on Friday, March 28th. The financial services provider reported ($0.06) 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 $10.30 million for the quarter.

Institutional Investors Weigh In On Stratus Properties

Several hedge funds have recently modified their holdings of STRS. Tower Research Capital LLC TRC grew its holdings in shares of Stratus Properties by 150.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider's stock worth $33,000 after purchasing an additional 946 shares during the last quarter. GAMMA Investing LLC increased its position in Stratus Properties by 12,071.4% in the 1st quarter. GAMMA Investing LLC now owns 3,408 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 3,380 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Stratus Properties by 16.4% during the fourth 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. Barclays PLC grew its stake in shares of Stratus Properties by 14.7% in the fourth 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 last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Stratus Properties by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider's stock valued at $209,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds 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.