Stratus Properties (NASDAQ:STRS) Announces Quarterly Earnings Results

Stratus Properties (NASDAQ:STRS - Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported ($0.62) EPS for the quarter, Zacks reports. Stratus Properties had a negative net margin of 9.73% and a negative return on equity of 1.13%.

Stratus Properties Trading Up 0.3%

Shares of NASDAQ:STRS traded up $0.05 during midday trading on Wednesday, reaching $18.75. The company's stock had a trading volume of 2,044 shares, compared to its average volume of 8,883. Stratus Properties has a fifty-two week low of $15.10 and a fifty-two week high of $27.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.80 and a current ratio of 3.80. The firm has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $18.84. The firm has a market capitalization of $151.48 million, a price-to-earnings ratio of -42.61 and a beta of 1.30.

Insider Transactions at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 1,998 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $21.02, for a total value of $41,997.96. Following the completion of the sale, the insider directly owned 1,134,878 shares in the company, valued at approximately $23,855,135.56. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors and hedge funds have recently made changes to their positions in STRS. Geode Capital Management LLC lifted its position in shares of Stratus Properties by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock worth $3,008,000 after buying an additional 15,896 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Stratus Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock worth $9,107,000 after acquiring an additional 7,994 shares during the period. JPMorgan Chase & Co. boosted its position in Stratus Properties by 30.6% in the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider's stock worth $179,000 after purchasing an additional 1,985 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in 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 purchasing an additional 1,904 shares during the period. Institutional investors own 61.63% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stratus Properties in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Stratus Properties presently has a consensus rating of "Sell".

Get Our Latest Stock Analysis on STRS

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.

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