Stratus Properties (NASDAQ:STRS) Issues Earnings Results

Stratus Properties (NASDAQ:STRS) released its quarterly earnings results on Tuesday. The financial services provider reported $0.82 earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.79 million for the quarter. Stratus Properties had a net margin of 40.06% and a return on equity of 3.66%. During the same quarter in the previous year, the business posted ($0.36) earnings per share.

Stratus Properties Price Performance

Stratus Properties stock opened at $29.64 on Wednesday. Stratus Properties has a 52-week low of $15.35 and a 52-week high of $32.93. The company has a market cap of $236.62 million, a price-to-earnings ratio of 20.30 and a beta of 1.06. The firm’s fifty day moving average is $30.33 and its 200 day moving average is $26.50. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41.

Analyst Ratings Changes

Several brokerages recently weighed in on STRS. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. Wall Street Zen downgraded Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Insider Activity

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $29.71, for a total transaction of $297,100.00. Following the sale, the insider directly owned 981,849 shares in the company, valued at $29,170,733.79. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have sold 152,931 shares of company stock worth $4,591,000. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stratus Properties

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Stratus Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 15,896 shares during the period. Tower Research Capital LLC TRC grew its position in Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,904 shares during the last quarter. JPMorgan Chase & Co. grew its position in Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 1,985 shares during the last quarter. Vanguard Group Inc. increased its stake in Stratus Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after purchasing an additional 7,994 shares during the period. Finally, Hodges Capital Management Inc. lifted its position in shares of Stratus Properties by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock worth $3,093,000 after purchasing an additional 700 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

About Stratus Properties

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.