James Joseph Sells 3,380 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) Director James Joseph sold 3,380 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $27.77, for a total transaction of $93,862.60. Following the transaction, the director directly owned 2,286 shares in the company, valued at approximately $63,482.22. This trade represents a 59.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Stratus Properties Stock Performance

Shares of NASDAQ:STRS opened at $27.61 on Friday. The firm has a market cap of $220.33 million, a PE ratio of 10.46 and a beta of 1.02. The firm’s 50 day simple moving average is $29.72 and its 200-day simple moving average is $27.68. Stratus Properties Inc. has a one year low of $15.35 and a one year high of $32.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings data 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 firm had revenue of $3.79 million for the quarter. During the same quarter in the prior year, the business posted ($0.36) earnings per share.

Wall Street Analyst Weigh In

STRS has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Stratus Properties has an average rating of “Hold”.

Institutional Investors Weigh In On Stratus Properties

Several institutional investors have recently bought and sold shares of STRS. BNP Paribas Financial Markets boosted its stake in Stratus Properties by 84.7% in the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 580 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Stratus Properties by 348.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,904 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Stratus Properties in the fourth quarter valued at approximately $93,000. JPMorgan Chase & Co. boosted its stake 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 valued at $179,000 after acquiring an additional 1,985 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Stratus Properties by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 2,367 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.