Stratus Properties (NASDAQ:STRS) Upgraded at StockNews.com

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS) from a sell rating to a hold rating in a research note released on Sunday.

Stratus Properties Trading Up 0.9 %

STRS opened at $20.40 on Friday. Stratus Properties has a 1-year low of $20.15 and a 1-year high of $30.66. The stock has a market capitalization of $164.95 million, a PE ratio of 145.71 and a beta of 1.15. 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 50-day moving average price of $24.38 and a two-hundred day moving average price of $25.13.

Insider Buying and Selling

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $27.07, for a total value of $48,049.25. Following the completion of the sale, the insider now directly owns 1,139,524 shares in the company, valued at $30,846,914.68. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,859 shares of company stock worth $104,317 in the last quarter. Insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 5,411 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Stratus Properties by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 997 shares in the last quarter. Tectonic Advisors LLC boosted its position in Stratus Properties by 4.7% during the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after acquiring an additional 1,852 shares during the last quarter. Geode Capital Management LLC grew its position in Stratus Properties by 3.8% in the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after purchasing an additional 5,081 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake 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 worth $4,612,000 after buying an additional 3,195 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

About Stratus Properties

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.