Stratus Properties Inc. (NASDAQ:STRS – Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $29.16 and traded as high as $29.20. Stratus Properties shares last traded at $28.74, with a volume of 12,505 shares trading hands.
Analyst Ratings Changes
STRS has been the topic of a number of research reports. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. Wall Street Zen downgraded shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Stratus Properties has an average rating of “Hold”.
Get Our Latest Research Report on STRS
Stratus Properties Stock Up 0.0%
Stratus Properties (NASDAQ:STRS – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. The company had revenue of $3.79 million for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same quarter in the prior year, the firm posted ($0.36) EPS.
Insider Transactions at Stratus Properties
In other news, Director James Joseph sold 3,380 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $27.77, for a total transaction of $93,862.60. Following the sale, the director directly owned 2,286 shares in the company, valued at approximately $63,482.22. This represents a 59.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Oasis Management Co Ltd. sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $29.05, for a total transaction of $290,500.00. Following the completion of the transaction, the insider directly owned 971,129 shares of the company’s stock, valued at approximately $28,211,297.45. The trade was a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 166,311 shares of company stock worth $4,975,362. Insiders own 10.00% of the company’s stock.
Institutional Investors Weigh In On Stratus Properties
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Stratus Properties by 1.9% in the 3rd 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 period. Geode Capital Management LLC raised its holdings in Stratus Properties by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock valued at $3,872,000 after buying an additional 1,393 shares during the period. Hodges Capital Management Inc. raised its holdings in Stratus Properties by 9.3% during the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock valued at $3,863,000 after buying an additional 13,600 shares during the period. State Street Corp lifted its position in Stratus Properties by 2.9% in the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 2,446 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its position in Stratus Properties by 12.4% in the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock worth $1,430,000 after buying an additional 6,512 shares during the last quarter. 61.63% of the stock is currently owned by hedge funds and other 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.
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