BidaskClub Lowers Stratus Properties (STRS) to Hold

BidaskClub cut shares of Stratus Properties (NASDAQ:STRS) from a buy rating to a hold rating in a report released on Monday morning.

Separately, ValuEngine upgraded shares of Stratus Properties from a sell rating to a hold rating in a research note on Friday, March 2nd.

NASDAQ STRS opened at $31.40 on Monday. Stratus Properties has a 52-week low of $30.50 and a 52-week high of $30.90. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 1.98.

Stratus Properties (NASDAQ:STRS) last announced its earnings results on Friday, March 16th. The financial services provider reported ($0.85) earnings per share for the quarter. The firm had revenue of $21.03 million during the quarter. Stratus Properties had a net margin of 6.04% and a negative return on equity of 8.70%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Lourd Capital LLC acquired a new stake in Stratus Properties in the fourth quarter valued at approximately $290,000. BlackRock Inc. boosted its stake in Stratus Properties by 0.8% in the fourth quarter. BlackRock Inc. now owns 270,463 shares of the financial services provider’s stock valued at $8,032,000 after acquiring an additional 2,161 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in Stratus Properties by 6.7% in the fourth quarter. Kennedy Capital Management Inc. now owns 30,529 shares of the financial services provider’s stock valued at $907,000 after acquiring an additional 1,930 shares in the last quarter. Fondren Management LP boosted its stake in Stratus Properties by 5.8% in the fourth quarter. Fondren Management LP now owns 278,500 shares of the financial services provider’s stock valued at $8,271,000 after acquiring an additional 15,345 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Stratus Properties by 24.0% in the third quarter. Wells Fargo & Company MN now owns 10,873 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 2,102 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Stratus Properties Company Profile

Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, operation, and sale of commercial, hotel, entertainment, and multi-and single-family residential real estate properties primarily in Austin, Texas. The company operates through four segments: Real Estate Operations, Leasing Operations, Hotel, and Entertainment.

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