Stratus Properties (NASDAQ:STRS) Rating Increased to Hold at StockNews.com

Stratus Properties (NASDAQ:STRS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Stratus Properties Stock Performance

Shares of STRS stock opened at $25.36 on Friday. The firm’s 50 day moving average price is $24.61 and its 200-day moving average price is $25.16. 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 one year low of $20.30 and a one year high of $30.66. The firm has a market cap of $205.06 million, a P/E ratio of 181.14 and a beta of 1.15.

Insider Transactions at Stratus Properties

In other news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total value of $48,049.25. Following the transaction, the insider now directly owns 1,139,524 shares in the company, valued at approximately $30,846,914.68. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 3,859 shares of company stock worth $104,317. 9.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stratus Properties

Several large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in Stratus Properties by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock worth $248,000 after buying an additional 525 shares during the period. Bank of New York Mellon Corp increased its stake 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 buying an additional 997 shares during the period. Vanguard Group Inc. increased its stake in Stratus Properties by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock worth $9,328,000 after buying an additional 1,155 shares during the period. Tectonic Advisors LLC increased its stake 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 buying an additional 1,852 shares during the period. Finally, Ingalls & Snyder LLC increased its stake in Stratus Properties by 0.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after buying an additional 2,516 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.