Stratus Properties (NASDAQ:STRS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS) from a sell rating to a hold rating in a report issued on Friday morning.

Stratus Properties Stock Up 2.0 %

Shares of Stratus Properties stock opened at $25.36 on Friday. The stock’s 50-day moving average is $24.61 and its 200 day moving average is $25.17. The firm has a market cap of $205.06 million, a price-to-earnings ratio of 181.14 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. Stratus Properties has a one year low of $20.30 and a one year high of $30.66.

Insiders Place Their Bets

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $27.07, for a total transaction of $48,049.25. Following the completion of the transaction, the insider now directly owns 1,139,524 shares of the company’s stock, valued at approximately $30,846,914.68. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 3,859 shares of company stock valued at $104,317 in the last 90 days. 9.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STRS. Barclays PLC grew its stake in Stratus Properties by 281.2% in the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after buying an additional 5,411 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 5,081 shares during the period. Hodges Capital Management Inc. grew its holdings in Stratus Properties by 1.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after buying an additional 3,195 shares in the last quarter. Ingalls & Snyder LLC increased its position in shares of Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after buying an additional 2,516 shares during the period. Finally, Tectonic Advisors LLC lifted its holdings in shares of Stratus Properties by 4.7% in the third 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 in the last quarter. 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.