Stratus Properties (NASDAQ:STRS) Announces Quarterly Earnings Results

Stratus Properties (NASDAQ:STRS) announced its earnings results on Friday. The financial services provider reported $2.41 EPS for the quarter, FiscalAI reports. Stratus Properties had a negative return on equity of 2.57% and a negative net margin of 25.38%.The company had revenue of $8.30 million during the quarter.

Stratus Properties Stock Up 0.6%

Shares of NASDAQ STRS opened at $30.83 on Friday. The stock has a market cap of $246.33 million, a P/E ratio of -30.52 and a beta of 1.29. The business’s fifty day simple moving average is $29.54 and its 200-day simple moving average is $24.36. Stratus Properties has a 12-month low of $15.10 and a 12-month high of $32.93. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

A number of analysts have issued reports on STRS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Stratus Properties in a research note on Monday, December 29th. Wall Street Zen raised shares of Stratus Properties to a “sell” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Stratus Properties

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in shares of Stratus Properties by 84.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock valued at $27,000 after buying an additional 580 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Stratus Properties during the second quarter worth approximately $26,000. Tower Research Capital LLC TRC raised its holdings 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 acquiring an additional 1,904 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Stratus Properties in the fourth quarter worth approximately $93,000. Finally, Wells Fargo & Company MN lifted 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 worth $181,000 after acquiring an additional 2,367 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

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.