Stratus Properties (NASDAQ:STRS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Stratus Properties (NASDAQ:STRS) in a research note released on Sunday morning. The brokerage issued a sell rating on the financial services provider’s stock.

Stratus Properties Price Performance

NASDAQ STRS opened at $18.06 on Friday. The firm’s 50 day moving average is $18.97 and its 200-day moving average is $22.19. 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 $146.03 million, a PE ratio of 129.00 and a beta of 1.21. Stratus Properties has a 12-month low of $17.60 and a 12-month high of $30.66.

Hedge Funds Weigh In On Stratus Properties

A number of large investors have recently modified their holdings of the business. Hodges Capital Management Inc. raised its holdings in Stratus Properties by 46.1% during the fourth quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock worth $5,384,000 after acquiring an additional 81,895 shares in the last quarter. Cresset Asset Management LLC acquired a new position in shares of Stratus Properties during the 4th quarter worth approximately $390,000. JPMorgan Chase & Co. raised its stake in shares of Stratus Properties by 113.1% during the 4th quarter. JPMorgan Chase & Co. now owns 20,460 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 10,857 shares in the last quarter. Barclays PLC boosted its holdings in shares of Stratus Properties by 281.2% in the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after buying an additional 5,411 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Stratus Properties by 3.8% in the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after buying an additional 5,081 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.