Stratus Properties Inc. (NASDAQ:STRS) Plans Special Dividend of $5.00

Stratus Properties Inc. (NASDAQ:STRS) announced a special dividend on Wednesday, July 1st. Investors of record on Monday, July 13th will be given a dividend of 5.00 per share by the financial services provider on Monday, July 20th. The ex-dividend date of this dividend is Monday, July 13th.

Stratus Properties Stock Performance

Shares of NASDAQ:STRS traded down $1.36 during trading on Thursday, reaching $27.40. The stock had a trading volume of 195,735 shares, compared to its average volume of 32,644. The stock has a fifty day simple moving average of $29.11 and a two-hundred day simple moving average of $28.67. 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 has a 52 week low of $15.35 and a 52 week high of $32.93. The firm has a market capitalization of $218.62 million, a price-to-earnings ratio of 10.44 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STRS. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. Wall Street Zen lowered 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, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Stratus Properties

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.