Stratus Properties (NASDAQ:STRS) Rating Increased to Hold at StockNews.com

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

Stratus Properties Stock Performance

Shares of STRS opened at $25.36 on Friday. The stock has a 50-day moving average of $24.61 and a two-hundred day moving average of $25.16. Stratus Properties has a one year low of $20.30 and a one year high of $30.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $205.16 million, a P/E ratio of 181.14 and a beta of 1.15.

Insider Activity

In other news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $27.07, for a total value of $48,049.25. Following the completion of the transaction, the insider now owns 1,139,524 shares of the company’s stock, valued at $30,846,914.68. The trade was a 0.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 3,859 shares of company stock valued at $104,317 in the last quarter. 9.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors and hedge funds have recently modified their holdings of STRS. Price T Rowe Associates Inc. MD increased its stake in shares of Stratus Properties by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 525 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 purchasing an additional 997 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Stratus Properties by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock valued at $9,328,000 after purchasing an additional 1,155 shares in the last quarter. Tectonic Advisors LLC increased its stake in shares of 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 purchasing an additional 1,852 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its stake in shares of Stratus Properties by 0.3% in the 3rd quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after purchasing an additional 2,516 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.