StockNews.com Begins Coverage on Stratus Properties (NASDAQ:STRS)

StockNews.com initiated coverage on shares of Stratus Properties (NASDAQ:STRS) in a research note issued to investors on Saturday. The firm issued a sell rating on the financial services provider’s stock.

Stratus Properties Trading Down 0.1 %

NASDAQ STRS opened at $18.06 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $19.09 and its two-hundred day simple moving average is $22.49. Stratus Properties has a twelve month low of $17.65 and a twelve month high of $30.66. The company has a market capitalization of $146.03 million, a price-to-earnings ratio of 129.00 and a beta of 1.21.

Hedge Funds Weigh In On Stratus Properties

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 946 shares during the period. Wells Fargo & Company MN grew its stake in shares of Stratus Properties by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 713 shares during the last quarter. Barclays PLC increased its holdings in 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 purchasing an additional 1,081 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 772 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Stratus Properties by 124.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 5,323 shares during the period. Hedge funds and other institutional investors 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.