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

Stratus Properties (NASDAQ:STRS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Stratus Properties Stock Performance

Shares of STRS opened at $24.62 on Friday. Stratus Properties has a 52-week low of $20.30 and a 52-week high of $30.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The firm has a market cap of $199.18 million, a price-to-earnings ratio of 175.86 and a beta of 1.15. The business’s 50 day moving average is $24.65 and its two-hundred day moving average is $25.23.

Insiders Place Their Bets

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of Stratus Properties stock in a transaction that occurred on 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 transaction, the insider now directly owns 1,139,524 shares in the company, valued at $30,846,914.68. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 3,859 shares of company stock valued at $104,317 over the last 90 days. 9.30% of the stock is owned by company insiders.

Institutional Trading of Stratus Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in Stratus Properties by 281.2% during the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after buying an additional 5,411 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Stratus Properties by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 525 shares during the period. Bank of New York Mellon Corp grew its position in shares of Stratus Properties by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 997 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of Stratus Properties by 4.7% in 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 period. Finally, Geode Capital Management LLC increased its holdings in shares of Stratus Properties by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after acquiring an additional 5,081 shares during the period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.