Stratus Properties (NASDAQ:STRS) Issues Quarterly Earnings Results

Stratus Properties (NASDAQ:STRS) issued its earnings results on Friday. The financial services provider reported $2.41 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $8.30 million for the quarter. Stratus Properties had a negative net margin of 25.38% and a negative return on equity of 2.57%.

Stratus Properties Stock Down 0.9%

Shares of NASDAQ STRS opened at $29.83 on Friday. The company has a 50 day simple moving average of $29.44 and a 200 day simple moving average of $24.28. The firm has a market cap of $238.36 million, a PE ratio of -29.54 and a beta of 1.29. Stratus Properties has a 1 year low of $15.10 and a 1 year high of $32.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 3.67.

Institutional Investors Weigh In On Stratus Properties

A number of institutional investors have recently added to or reduced their stakes in STRS. Geode Capital Management LLC raised its stake in Stratus Properties by 11.1% during the second 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 during the last quarter. Hodges Capital Management Inc. boosted its position in Stratus Properties by 9.3% during the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock valued at $3,863,000 after acquiring an additional 13,600 shares during the last quarter. Nuveen LLC acquired a new stake in Stratus Properties during the 4th quarter worth about $206,000. Vanguard Group Inc. grew its holdings in Stratus Properties by 1.9% during the 3rd 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. Finally, Tectonic Advisors LLC raised its position in shares of Stratus Properties by 12.4% in the 4th quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock worth $1,430,000 after acquiring an additional 6,512 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STRS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Stratus Properties to a “sell” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Stratus Properties in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Stratus Properties presently has a consensus rating of “Sell”.

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.