StockNews.com upgraded shares of Stratus Properties (NASDAQ:STRS – Free Report) from a sell rating to a hold rating in a research report report published on Wednesday morning.
Separately, TheStreet cut shares of Stratus Properties from a c- rating to a d+ rating in a report on Wednesday, January 31st.
Read Our Latest Stock Analysis on STRS
Stratus Properties Stock Performance
Stratus Properties (NASDAQ:STRS – Get Free Report) last released its quarterly earnings results on Thursday, March 28th. The financial services provider reported ($0.16) earnings per share for the quarter. The company had revenue of $4.27 million during the quarter. Stratus Properties had a negative net margin of 76.25% and a negative return on equity of 7.09%.
Institutional Trading of Stratus Properties
Hedge funds have recently modified their holdings of the business. Mesirow Financial Investment Management Inc. bought a new stake in shares of Stratus Properties during the 3rd quarter valued at $261,000. Tectonic Advisors LLC raised its position in shares of Stratus Properties by 7.9% in the 4th quarter. Tectonic Advisors LLC now owns 36,198 shares of the financial services provider’s stock worth $1,045,000 after purchasing an additional 2,639 shares during the last quarter. First Dallas Securities Inc. purchased a new position in shares of Stratus Properties in the 3rd quarter worth about $1,096,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Stratus Properties in the 3rd quarter worth about $531,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Stratus Properties by 6,509.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,454 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,432 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.
About Stratus Properties
Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties in Texas. The company operates through two segments, Real Estate Operations and Leasing Operations. Its leasing operations cover lease of space at retail and mixed-use, and multi-family properties.
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