StockNews.com began coverage on shares of Stratus Properties (NASDAQ:STRS – Free Report) in a research report released on Saturday morning. The brokerage issued a sell rating on the financial services provider’s stock.
Stratus Properties Stock Performance
Shares of Stratus Properties stock opened at $18.07 on Friday. Stratus Properties has a one year low of $17.65 and a one year high of $30.66. The company has a market cap of $146.11 million, a PE ratio of 129.07 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50-day simple moving average of $19.13 and a 200-day simple moving average of $22.58.
Institutional Investors Weigh In On Stratus Properties
Several institutional investors have recently added to or reduced their stakes in STRS. Hodges Capital Management Inc. lifted its stake in Stratus Properties by 46.1% during the fourth quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock worth $5,384,000 after purchasing an additional 81,895 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in Stratus Properties during the fourth quarter worth approximately $390,000. JPMorgan Chase & Co. lifted its stake in Stratus Properties by 113.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,460 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 10,857 shares during the last quarter. Barclays PLC lifted its stake 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 purchasing an additional 5,411 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Stratus Properties by 3.8% during the third 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. Hedge funds and other institutional investors 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.
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