StockNews.com Begins Coverage on Stratus Properties (NASDAQ:STRS)

StockNews.com started coverage on shares of Stratus Properties (NASDAQ:STRS) in a research report sent to investors on Sunday. The firm issued a sell rating on the financial services provider’s stock.

Stratus Properties Trading Down 0.3 %

Shares of NASDAQ:STRS opened at $18.15 on Friday. Stratus Properties has a 52-week low of $17.60 and a 52-week high of $30.66. The company has a market capitalization of $146.76 million, a P/E ratio of 129.64 and a beta of 1.21. The company has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $22.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Institutional Investors Weigh In On Stratus Properties

Several hedge funds have recently bought and sold shares of STRS. Ingalls & Snyder LLC lifted its position in Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after acquiring an additional 2,516 shares during the last quarter. Hodges Capital Management Inc. lifted its position in 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 worth $4,612,000 after acquiring an additional 3,195 shares during the last quarter. Barclays PLC lifted its position 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 acquiring an additional 5,411 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 5,081 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Stratus Properties by 124.4% during the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 5,323 shares during the last quarter. 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.