Stratus Properties (NASDAQ:STRS) Posts Quarterly Earnings Results

Stratus Properties (NASDAQ:STRS) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.62) EPS for the quarter, Zacks reports. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%.

Stratus Properties Stock Up 0.8%

Shares of STRS traded up $0.16 during trading hours on Wednesday, reaching $18.86. 2,052 shares of the stock traded hands, compared to its average volume of 8,884. Stratus Properties has a 52 week low of $15.10 and a 52 week high of $27.00. The company has a market cap of $152.33 million, a price-to-earnings ratio of -42.85 and a beta of 1.30. The stock has a fifty day simple moving average of $19.88 and a 200 day simple moving average of $18.84. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 0.59.

Insider Activity

In related news, major shareholder Oasis Management Co Ltd. sold 1,998 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $21.02, for a total value of $41,997.96. Following the completion of the transaction, the insider directly owned 1,134,878 shares of the company’s stock, valued at approximately $23,855,135.56. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Stratus Properties

Several hedge funds have recently added to or reduced their stakes in STRS. Vanguard Group Inc. grew its stake in shares of 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 last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $179,000 after buying an additional 1,985 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Stratus Properties by 348.1% during 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 purchasing an additional 1,904 shares during the period. Finally, Geode Capital Management LLC lifted its position in Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 15,896 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Stratus Properties in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Stratus Properties has an average rating of “Sell”.

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.