Stratus Properties (NASDAQ:STRS) Upgraded at StockNews.com

Stratus Properties (NASDAQ:STRS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Stratus Properties Trading Down 2.2 %

Shares of STRS stock opened at $20.80 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. Stratus Properties has a 1 year low of $20.30 and a 1 year high of $30.66. The firm’s fifty day simple moving average is $24.50 and its 200 day simple moving average is $25.17. The firm has a market capitalization of $168.19 million, a P/E ratio of 148.57 and a beta of 1.15.

Insider Activity at Stratus Properties

In related news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the firm’s 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 directly owns 1,139,524 shares of the company’s stock, valued at $30,846,914.68. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 3,859 shares of company stock worth $104,317. Company insiders own 9.30% of the company’s stock.

Institutional Trading of Stratus Properties

Several institutional investors have recently made changes to their positions in STRS. Barclays PLC raised its position 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Stratus Properties by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after buying an additional 5,081 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Stratus Properties by 1.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock worth $4,612,000 after buying an additional 3,195 shares during the period. Ingalls & Snyder LLC boosted its stake in 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 buying an additional 2,516 shares in the last quarter. Finally, Tectonic Advisors LLC grew its position in Stratus Properties by 4.7% in the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after acquiring an additional 1,852 shares during the period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.