StockNews.com Downgrades Stratus Properties (NASDAQ:STRS) to Sell

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

Stratus Properties Stock Performance

Shares of STRS opened at $18.14 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $19.66 and its two-hundred day simple moving average is $23.08. Stratus Properties has a 12 month low of $18.11 and a 12 month high of $30.66. The stock has a market capitalization of $146.68 million, a P/E ratio of 129.57 and a beta of 1.17.

Institutional Investors Weigh In On Stratus Properties

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in Stratus Properties by 150.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider’s stock valued at $33,000 after buying an additional 946 shares during the period. Wells Fargo & Company MN increased its stake in shares of Stratus Properties by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 713 shares in the last quarter. Barclays PLC lifted its position in shares of Stratus Properties by 14.7% during the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 1,081 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Stratus Properties by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 772 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Stratus Properties by 124.4% during the third quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 5,323 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.