Stratus Properties Inc. $STRS Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lessened its holdings in shares of Stratus Properties Inc. (NASDAQ:STRS) by 17.1% in the 1st quarter, HoldingsChannel reports. The firm owned 132,475 shares of the financial services provider’s stock after selling 27,295 shares during the quarter. Hodges Capital Management Inc.’s holdings in Stratus Properties were worth $4,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STRS. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 580 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Stratus Properties by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,904 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Stratus Properties during the 4th quarter valued at about $93,000. JPMorgan Chase & Co. lifted its holdings in shares of Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,985 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Stratus Properties by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,367 shares during the period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $28.03, for a total value of $3,296,664.36. Following the sale, the insider directly owned 843,517 shares of the company’s stock, valued at approximately $23,643,781.51. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 279,106 shares of company stock worth $8,114,323 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings raised Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. Wall Street Zen downgraded Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Stratus Properties Trading Up 1.5%

Shares of Stratus Properties stock opened at $28.00 on Tuesday. The firm has a 50-day simple moving average of $28.97 and a two-hundred day simple moving average of $28.75. 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 Inc. has a fifty-two week low of $15.35 and a fifty-two week high of $32.93. The company has a market cap of $223.44 million, a P/E ratio of 10.61 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 EPS for the quarter. Stratus Properties had a return on equity of 6.28% and a net margin of 74.96%.The firm had revenue of $3.79 million for the quarter. During the same quarter last year, the business earned ($0.36) earnings per share.

Stratus Properties Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 13th will be given a dividend of $5.00 per share. The ex-dividend date is Monday, July 13th.

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.