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

StockNews.com assumed coverage on shares of Stratus Properties (NASDAQ:STRS) in a report issued on Saturday. The brokerage set a “sell” rating on the financial services provider’s stock.

Stratus Properties Price Performance

NASDAQ STRS opened at $19.39 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. Stratus Properties has a 52-week low of $15.10 and a 52-week high of $30.66. The business has a 50 day simple moving average of $17.88 and a 200 day simple moving average of $20.46. The stock has a market cap of $156.54 million, a price-to-earnings ratio of 138.50 and a beta of 1.15.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings data on Friday, March 28th. The financial services provider reported ($0.06) EPS for the quarter. The company had revenue of $10.30 million during the quarter. Stratus Properties had a net margin of 3.33% and a return on equity of 0.54%.

Hedge Funds Weigh In On Stratus Properties

Several hedge funds have recently made changes to their positions in the business. Hodges Capital Management Inc. raised its holdings 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 acquiring an additional 81,895 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Stratus Properties by 49.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider’s stock valued at $1,027,000 after buying an additional 19,122 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of Stratus Properties in the fourth quarter valued at $390,000. JPMorgan Chase & Co. increased its holdings 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 buying an additional 10,857 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Stratus Properties by 18.8% in the first quarter. Tectonic Advisors LLC now owns 54,325 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 8,609 shares during the last quarter. 61.63% of the stock is 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.