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

StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRSGet Rating) from a sell rating to a hold rating in a report published on Tuesday.

Stratus Properties Stock Performance

STRS stock opened at $26.08 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.65 and a current ratio of 2.65. Stratus Properties has a 52-week low of $22.11 and a 52-week high of $46.44. The company’s 50 day simple moving average is $25.43 and its 200-day simple moving average is $31.65.

Stratus Properties Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 29th. Investors of record on Monday, September 19th were given a dividend of $4.67 per share. The ex-dividend date was Friday, September 16th.

Insider Buying and Selling at Stratus Properties

In related news, Director Laurie L. Dotter bought 2,967 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was bought at an average price of $29.28 per share, with a total value of $86,873.76. Following the purchase, the director now directly owns 6,307 shares of the company’s stock, valued at approximately $184,668.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Stratus Properties news, Director James Leslie sold 24,029 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $30.50, for a total value of $732,884.50. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $610,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Laurie L. Dotter purchased 2,967 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of $29.28 per share, with a total value of $86,873.76. Following the completion of the purchase, the director now directly owns 6,307 shares in the company, valued at $184,668.96. The disclosure for this purchase can be found here. Company insiders own 8.20% of the company’s stock.

Institutional Investors Weigh In On Stratus Properties

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Stratus Properties by 200.0% in the first quarter. Bank of America Corp DE now owns 873 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 582 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Stratus Properties during the 2nd quarter valued at $32,000. UBS Group AG lifted its stake in shares of Stratus Properties by 342.5% in the 1st quarter. UBS Group AG now owns 1,000 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 774 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Stratus Properties in the second quarter worth $34,000. Finally, Strs Ohio acquired a new position in Stratus Properties during the second quarter worth $45,000. Institutional investors own 50.54% of the company’s stock.

Stratus Properties Company Profile

(Get Rating)

Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties primarily in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.

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