Stratus Properties (STRS) Rating Lowered to Sell at ValuEngine

Stratus Properties (NASDAQ:STRS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other research firms have also weighed in on STRS. BidaskClub raised shares of Stratus Properties from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 30th. Chardan Capital raised shares of Stratus Properties from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th.

Stratus Properties (NASDAQ:STRS) traded down $0.05 during trading on Wednesday, reaching $29.80. 5,700 shares of the company traded hands, compared to its average volume of 6,706. Stratus Properties has a twelve month low of $24.35 and a twelve month high of $32.15. The company has a market cap of $246.45, a price-to-earnings ratio of 23.10 and a beta of 0.49. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.70.

A number of institutional investors have recently added to or reduced their stakes in STRS. Wells Fargo & Company MN boosted its stake in Stratus Properties by 4.9% during the 2nd quarter. Wells Fargo & Company MN now owns 8,771 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 407 shares during the last quarter. Lourd Capital LLC bought a new position in Stratus Properties during the 4th quarter worth approximately $290,000. Bank of New York Mellon Corp boosted its stake in Stratus Properties by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,261 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 188 shares during the last quarter. Deutsche Bank AG boosted its stake in Stratus Properties by 81.2% during the 4th quarter. Deutsche Bank AG now owns 22,866 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 10,245 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Stratus Properties by 40.3% during the 4th quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 7,100 shares during the last quarter. 54.91% of the stock is currently owned by institutional investors and hedge funds.

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Stratus Properties Company Profile

Stratus Properties Inc (Stratus) is a diversified real estate company. The Company is engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial, hotel, entertainment, and multi- and single-family residential real estate properties, primarily located in the Austin, Texas area, but including projects in certain other select markets in Texas.

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