Stratus Properties (STRS) Upgraded to Buy at Chardan Capital

Chardan Capital upgraded shares of Stratus Properties (NASDAQ:STRS) from a neutral rating to a buy rating in a research note published on Monday, January 8th.

Stratus Properties (NASDAQ:STRS) traded up $0.25 during mid-day trading on Monday, hitting $30.95. 6,400 shares of the stock were exchanged, compared to its average volume of 9,700. Stratus Properties has a twelve month low of $24.35 and a twelve month high of $32.80. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $249.70, a P/E ratio of 23.99 and a beta of 0.66.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings results on Thursday, November 9th. The financial services provider reported ($0.17) earnings per share for the quarter. Stratus Properties had a negative return on equity of 3.11% and a net margin of 13.16%.

Several hedge funds have recently added to or reduced their stakes in STRS. Wells Fargo & Company MN grew its position in shares of Stratus Properties by 4.9% during the second quarter. Wells Fargo & Company MN now owns 8,771 shares of the financial services provider’s stock worth $258,000 after buying an additional 407 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Stratus Properties by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 17,261 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 188 shares during the last quarter. State Street Corp lifted its stake in Stratus Properties by 6.1% during the second quarter. State Street Corp now owns 92,729 shares of the financial services provider’s stock worth $2,730,000 after purchasing an additional 5,329 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Stratus Properties by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 547,818 shares of the financial services provider’s stock worth $16,106,000 after purchasing an additional 7,351 shares during the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

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Stratus Properties Company Profile

Stratus Properties Inc (Stratus) is a diversified real estate company. The Company is engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial, hotel, entertainment, and multi- and single-family residential real estate properties, primarily located in the Austin, Texas area, but including projects in certain other select markets in Texas.

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