Stratus Properties Inc. (NASDAQ:STRS) to Issue Special Dividend of $5.00

Stratus Properties Inc. (NASDAQ:STRSGet Free Report) announced a special dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be paid a dividend of 5.00 per share by the financial services provider on Monday, July 20th. The ex-dividend date is Monday, July 13th.

Stratus Properties Trading Down 4.2%

Stratus Properties stock traded down $1.21 during trading on Thursday, reaching $27.55. 194,931 shares of the company were exchanged, compared to its average volume of 32,619. Stratus Properties has a 52-week low of $15.35 and a 52-week high of $32.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.70 and a quick ratio of 3.70. The stock’s 50 day simple moving average is $29.11 and its two-hundred day simple moving average is $28.67. The company has a market capitalization of $219.82 million, a P/E ratio of 10.35 and a beta of 1.03.

Stratus Properties (NASDAQ:STRSGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. The business had revenue of $3.79 million during the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period last year, the company earned ($0.36) EPS.

Analysts Set New Price Targets

A number of analysts have issued reports on STRS shares. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of 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, the company currently has a consensus rating of “Hold”.

Read Our Latest Report on STRS

About Stratus Properties

(Get Free Report)

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.

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