StockNews.com Upgrades Stratus Properties (NASDAQ:STRS) to Hold

Stratus Properties (NASDAQ:STRS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Separately, TheStreet lowered Stratus Properties from a “c-” rating to a “d+” rating in a research note on Wednesday, January 31st.

Stratus Properties Stock Performance

Shares of NASDAQ:STRS opened at $22.83 on Wednesday. The business’s 50 day moving average is $22.66 and its 200 day moving average is $25.68. Stratus Properties has a 12-month low of $18.55 and a 12-month high of $29.99. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.53.

Institutional Trading of Stratus Properties

Several hedge funds have recently made changes to their positions in STRS. Citigroup Inc. bought a new stake in shares of Stratus Properties during the 1st quarter valued at $155,000. BlackRock Inc. grew its position in Stratus Properties by 1.1% during the first quarter. BlackRock Inc. now owns 40,368 shares of the financial services provider’s stock worth $1,738,000 after buying an additional 444 shares in the last quarter. Vanguard Group Inc. grew its position in Stratus Properties by 5.2% during the first quarter. Vanguard Group Inc. now owns 331,212 shares of the financial services provider’s stock worth $14,268,000 after buying an additional 16,419 shares in the last quarter. UBS Group AG grew its position in Stratus Properties by 342.5% during the first quarter. UBS Group AG now owns 1,000 shares of the financial services provider’s stock worth $43,000 after buying an additional 774 shares in the last quarter. Finally, State Street Corp grew its position in Stratus Properties by 9.5% during the first quarter. State Street Corp now owns 23,187 shares of the financial services provider’s stock worth $999,000 after buying an additional 2,009 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

About Stratus Properties

Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties in Texas. The company operates through two segments, Real Estate Operations and Leasing Operations. Its leasing operations cover lease of space at retail and mixed-use, and multi-family properties.