Stratus Properties (NASDAQ:STRS) Lowered to Sell Rating by StockNews.com

Stratus Properties (NASDAQ:STRS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Stratus Properties Trading Down 5.5 %

Shares of NASDAQ:STRS opened at $24.62 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $24.65 and its 200 day moving average price is $25.20. The company has a market cap of $199.18 million, a PE ratio of 175.86 and a beta of 1.15. Stratus Properties has a fifty-two week low of $20.30 and a fifty-two week high of $30.66.

Insider Activity

In other news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the stock in a transaction on 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 approximately $30,846,914.68. This represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 3,859 shares of company stock valued at $104,317. Insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On Stratus Properties

Several institutional investors have recently bought and sold shares of the stock. Ingalls & Snyder LLC lifted its position in Stratus Properties by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after purchasing an additional 2,516 shares during the period. Hodges Capital Management Inc. lifted its holdings in shares of Stratus Properties by 1.8% in the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after buying an additional 3,195 shares during the period. Geode Capital Management LLC boosted its stake in Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after buying an additional 5,081 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Stratus Properties by 4.7% during the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after acquiring an additional 1,852 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Stratus Properties by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 997 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

About Stratus Properties

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.