Stratus Properties (NASDAQ:STRS) Announces Quarterly Earnings Results

Stratus Properties (NASDAQ:STRS) released its quarterly earnings results on Tuesday. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $3.79 million for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.33%. During the same period in the prior year, the firm posted ($0.36) earnings per share.

Stratus Properties Stock Performance

Shares of STRS traded up $0.24 during trading hours on Thursday, reaching $30.25. 1,443 shares of the company traded hands, compared to its average volume of 17,519. The stock has a market capitalization of $241.40 million, a P/E ratio of 11.46 and a beta of 1.06. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. Stratus Properties has a 12-month low of $15.35 and a 12-month high of $32.93. The business has a fifty day moving average price of $30.32 and a 200-day moving average price of $26.58.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. Wall Street Zen cut Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Insider Transactions at Stratus Properties

In related news, major shareholder Oasis Management Co Ltd. sold 44,323 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $29.98, for a total value of $1,328,803.54. Following the completion of the transaction, the insider owned 1,031,741 shares in the company, valued at $30,931,595.18. This trade represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 152,931 shares of company stock valued at $4,591,000. Company insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Stratus Properties by 10.6% during the fourth quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,001 shares during the period. State Street Corp increased its holdings in Stratus Properties by 2.9% in the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 2,446 shares during the period. Wells Fargo & Company MN increased its holdings in Stratus Properties by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,367 shares during the period. MetLife Investment Management LLC purchased a new position in Stratus Properties during the 4th quarter worth approximately $93,000. Finally, Nuveen LLC acquired a new stake in Stratus Properties during the 4th quarter valued at approximately $206,000. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.