Stratus Properties (NASDAQ:STRS) Posts Earnings Results

Stratus Properties (NASDAQ:STRS) released its quarterly earnings data on Wednesday. The financial services provider reported ($0.62) EPS for the quarter, Zacks reports. The company had revenue of $4.97 million during the quarter. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%.

Stratus Properties Stock Performance

Shares of STRS opened at $18.81 on Thursday. The firm has a market cap of $151.97 million, a P/E ratio of -42.75 and a beta of 1.30. Stratus Properties has a twelve month low of $15.10 and a twelve month high of $27.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.80 and a current ratio of 3.80. The firm’s 50 day moving average price is $19.89 and its two-hundred day moving average price is $18.84.

Insider Activity at Stratus Properties

In related news, major shareholder Oasis Management Co Ltd. sold 1,998 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $21.02, for a total value of $41,997.96. Following the sale, the insider directly owned 1,134,878 shares of the company’s stock, valued at approximately $23,855,135.56. The trade was a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stratus Properties

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Stratus Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 7,994 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 15,896 shares in the last quarter. JPMorgan Chase & Co. raised its position in Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,985 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,904 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratus Properties in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.