Stratus Properties (NASDAQ:STRS) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Stratus Properties (NASDAQ:STRS) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Stratus Properties Stock Performance

STRS stock opened at $18.48 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average price of $19.59 and a 200 day moving average price of $23.04. The company has a market capitalization of $149.43 million, a P/E ratio of 132.00 and a beta of 1.17. Stratus Properties has a 1-year low of $17.80 and a 1-year high of $30.66.

Hedge Funds Weigh In On Stratus Properties

Large investors have recently added to or reduced their stakes in the company. Ingalls & Snyder LLC increased its holdings in shares of Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after acquiring an additional 2,516 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Stratus Properties by 1.8% during the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after acquiring an additional 3,195 shares in the last quarter. Barclays PLC boosted its position in Stratus Properties by 281.2% in the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after buying an additional 5,411 shares during the last quarter. Geode Capital Management LLC boosted 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 buying an additional 5,081 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Stratus Properties by 124.4% in the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock valued at $250,000 after buying an additional 5,323 shares during 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.