Stratus Properties (NASDAQ:STRS) Now Covered by StockNews.com

StockNews.com began coverage on shares of Stratus Properties (NASDAQ:STRS) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the financial services provider’s stock.

Stratus Properties Price Performance

Shares of STRS opened at $18.07 on Friday. The company has a market capitalization of $146.11 million, a P/E ratio of 129.07 and a beta of 1.21. 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 firm has a 50 day moving average of $19.18 and a 200 day moving average of $22.64. Stratus Properties has a twelve month low of $17.65 and a twelve month high of $30.66.

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 5,081 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Stratus Properties by 46.1% during the fourth quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock valued at $5,384,000 after acquiring an additional 81,895 shares in the last quarter. Barclays PLC boosted its holdings in Stratus Properties by 281.2% in the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 5,411 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Stratus Properties by 124.4% in the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 5,323 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its holdings 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 last quarter. Institutional investors 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.