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

StockNews.com assumed coverage on shares of Stratus Properties (NASDAQ:STRS) in a report issued on Thursday. The firm issued a sell rating on the financial services provider’s stock.

Stratus Properties Trading Down 1.6 %

Shares of Stratus Properties stock opened at $16.16 on Thursday. The firm has a 50-day moving average of $18.13 and a 200-day moving average of $20.89. Stratus Properties has a 52-week low of $15.50 and a 52-week high of $30.66. The stock has a market cap of $130.46 million, a PE ratio of 115.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings data on Friday, March 28th. The financial services provider reported ($0.06) earnings per share for the quarter. Stratus Properties had a net margin of 3.33% and a return on equity of 0.54%. The company had revenue of $10.30 million during the quarter.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in STRS. Dimensional Fund Advisors LP lifted its stake in shares of Stratus Properties by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,384 shares of the financial services provider’s stock worth $8,705,000 after acquiring an additional 2,523 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Stratus Properties by 46.1% in the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock worth $5,384,000 after purchasing an additional 81,895 shares during the period. Geode Capital Management LLC boosted its stake 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 valued at $3,630,000 after purchasing an additional 5,081 shares during the last quarter. Northern Trust Corp increased its position in shares of Stratus Properties by 1.5% during the fourth quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 758 shares during the period. Finally, Tectonic Advisors LLC raised its stake in Stratus Properties by 11.6% during the fourth quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider’s stock worth $949,000 after buying an additional 4,743 shares during 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.