Stratus Properties (NASDAQ:STRS) Releases Quarterly Earnings Results

Stratus Properties (NASDAQ:STRS) released its quarterly earnings results on Tuesday. The financial services provider reported $0.82 EPS for the quarter, FiscalAI reports. Stratus Properties had a net margin of 40.06% and a return on equity of 3.66%. The business had revenue of $3.79 million for the quarter. During the same period last year, the company earned ($0.36) earnings per share.

Stratus Properties Trading Up 0.2%

Shares of Stratus Properties stock traded up $0.05 on Tuesday, hitting $29.63. 4,606 shares of the company’s stock traded hands, compared to its average volume of 17,641. The firm’s 50-day moving average price is $30.35 and its two-hundred day moving average price is $26.43. The stock has a market capitalization of $236.45 million, a PE ratio of 20.29 and a beta of 1.06. Stratus Properties has a one year low of $15.35 and a one year high of $32.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.99.

Insider Activity at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 10,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $29.71, for a total transaction of $297,100.00. Following the completion of the sale, the insider owned 981,849 shares in the company, valued at approximately $29,170,733.79. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 152,931 shares of company stock worth $4,591,000. Insiders own 10.00% of the company’s stock.

Hedge Funds 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. BNP Paribas Financial Markets increased its stake in Stratus Properties by 84.7% in the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 580 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Stratus Properties by 348.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,904 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Stratus Properties in the fourth quarter valued at approximately $93,000. Wells Fargo & Company MN increased its stake in Stratus Properties by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,367 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Stratus Properties by 30.6% in the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,985 shares in the last quarter. Institutional investors own 61.63% of the company’s stock.

Analyst Ratings Changes

STRS has been the topic of several research analyst reports. Wall Street Zen cut shares of Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Stratus Properties has an average rating of “Hold”.

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.