Stratus Properties (NASDAQ:STRS) Raised to Buy at Wall Street Zen

Stratus Properties (NASDAQ:STRS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, Weiss Ratings raised Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Stratus Properties Stock Performance

Shares of NASDAQ STRS opened at $29.97 on Monday. The stock has a fifty day moving average price of $30.25 and a two-hundred day moving average price of $25.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.99 and a current ratio of 3.99. The firm has a market cap of $239.16 million, a P/E ratio of 20.53 and a beta of 1.20. Stratus Properties has a 1 year low of $15.10 and a 1 year high of $32.93.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings results on Friday, March 27th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter. The firm had revenue of $8.30 million during the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.

Insider Buying and Selling at Stratus Properties

In other news, major shareholder Oasis Management Co Ltd. sold 4,483 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $30.02, for a total transaction of $134,579.66. Following the completion of the sale, the insider directly owned 1,027,258 shares of the company’s stock, valued at $30,838,285.16. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 106,802 shares of company stock worth $3,210,867. Company insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Stratus Properties

Several large investors have recently modified their holdings of STRS. Geode Capital Management LLC boosted its stake in shares of Stratus Properties by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after acquiring an additional 15,896 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 worth $46,000 after acquiring an additional 1,904 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Stratus Properties by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,985 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Stratus Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after acquiring an additional 7,994 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Stratus Properties by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock worth $3,093,000 after acquiring an additional 700 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

About Stratus Properties

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.