Stratus Properties (NASDAQ:STRS) Director Sells $93,862.60 in Stock

Stratus Properties Inc. (NASDAQ:STRS) Director James Joseph sold 3,380 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $27.77, for a total transaction of $93,862.60. Following the transaction, the director directly owned 2,286 shares of the company’s stock, valued at $63,482.22. This represents a 59.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Stratus Properties Price Performance

Shares of STRS opened at $27.61 on Monday. The stock has a market capitalization of $220.33 million, a P/E ratio of 10.46 and a beta of 1.02. Stratus Properties Inc. has a twelve month low of $15.35 and a twelve month high of $32.93. The company has a 50 day moving average of $29.72 and a 200-day moving average of $27.74. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. The company had revenue of $3.79 million during the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period in the prior year, the business earned ($0.36) earnings per share.

Institutional Investors Weigh In On Stratus Properties

Several large investors have recently made changes to their positions in STRS. Geode Capital Management LLC boosted its holdings in shares of Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 15,896 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of 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. JPMorgan Chase & Co. boosted its holdings in shares of 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. Vanguard Group Inc. boosted its holdings in shares of Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after buying an additional 7,994 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in Stratus Properties by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock valued at $3,093,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on STRS. Weiss Ratings raised Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. Wall Street Zen downgraded Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Stratus Properties currently has a consensus rating of “Hold”.

Stratus Properties Company Profile

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.