Stratus Properties (NASDAQ:STRS) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Stratus Properties (NASDAQ:STRS) from a hold rating to a sell rating in a research report released on Saturday.

Stratus Properties Price Performance

STRS opened at $24.62 on Friday. The firm has a 50-day moving average price of $24.65 and a 200-day moving average price of $25.21. Stratus Properties has a twelve month low of $20.30 and a twelve month high of $30.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $199.18 million, a price-to-earnings ratio of 175.86 and a beta of 1.15.

Insider Buying and Selling at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,911 shares of Stratus Properties stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $27.00, for a total transaction of $51,597.00. Following the completion of the transaction, the insider now owns 1,141,299 shares of the company’s stock, valued at $30,815,073. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 3,859 shares of company stock valued at $104,317 in the last 90 days. 9.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stratus Properties

A number of institutional investors and hedge funds have recently modified their holdings of STRS. Price T Rowe Associates Inc. MD increased its holdings in Stratus Properties by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 525 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Stratus Properties by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 997 shares during the period. Tectonic Advisors LLC raised its position in shares of Stratus Properties by 4.7% in the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after buying an additional 1,852 shares in the last quarter. Ingalls & Snyder LLC raised its position in shares of Stratus Properties by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after buying an additional 2,516 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in Stratus Properties by 1.8% during the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after buying an additional 3,195 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

About Stratus Properties

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.