StockNews.com Initiates Coverage on Stratus Properties (NASDAQ:STRS)

StockNews.com began coverage on shares of Stratus Properties (NASDAQ:STRS - Free Report) in a report issued on Monday morning. The brokerage issued a sell rating on the financial services provider's stock.

Stratus Properties Stock Performance

STRS traded down $1.27 during trading hours on Monday, hitting $16.51. The company's stock had a trading volume of 6,912 shares, compared to its average volume of 8,155. The company has a 50-day simple moving average of $18.69 and a 200 day simple moving average of $21.86. 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 firm has a market capitalization of $133.50 million, a PE ratio of 117.93 and a beta of 1.21. Stratus Properties has a fifty-two week low of $16.51 and a fifty-two week high of $30.66.

Stratus Properties (NASDAQ:STRS - Get Free Report) last released its quarterly earnings results on Friday, March 28th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $10.30 million during the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ingalls & Snyder LLC raised its holdings in Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider's stock worth $24,789,000 after purchasing an additional 2,516 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Stratus Properties by 1.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider's stock valued at $4,612,000 after purchasing an additional 3,195 shares during the period. Barclays PLC raised its stake in shares of Stratus Properties by 281.2% in the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider's stock worth $191,000 after buying an additional 5,411 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Stratus Properties by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider's stock worth $3,630,000 after purchasing an additional 5,081 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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. 61.63% of the stock is currently owned by institutional investors.

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.