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

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS) from a sell rating to a hold rating in a research note published on Sunday morning.

Stratus Properties Stock Performance

STRS opened at $20.80 on Friday. The firm has a fifty day moving average price of $24.50 and a 200 day moving average price of $25.18. Stratus Properties has a 1 year low of $20.30 and a 1 year high of $30.66. The stock has a market cap of $168.19 million, a P/E ratio of 148.57 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.

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 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 $30,846,914.68. This represents a 0.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 3,859 shares of company stock valued at $104,317 in the last ninety days. 9.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stratus Properties

A number of institutional investors have recently added to or reduced their stakes in STRS. Ingalls & Snyder LLC raised 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 period. Hodges Capital Management Inc. increased its stake in shares of 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 purchasing an additional 3,195 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Stratus Properties by 3.8% during 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 last quarter. Tectonic Advisors LLC lifted its stake in Stratus Properties by 4.7% in the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after buying an additional 1,852 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Stratus Properties by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock valued at $426,000 after buying an additional 997 shares in the last quarter. Institutional investors and hedge funds 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.