Lazard Asset Management LLC Purchases Shares of 3,000 Stratus Properties Inc. (NASDAQ:STRS)

Lazard Asset Management LLC purchased a new stake in Stratus Properties Inc. (NASDAQ:STRS – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the financial services provider’s stock, valued at approximately $69,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Stratus Properties by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 448,847 shares of the financial services provider’s stock valued at $10,458,000 after buying an additional 13,795 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Stratus Properties in the third quarter valued at approximately $62,000. Legal & General Group Plc bought a new position in Stratus Properties in the second quarter valued at approximately $32,000. Captrust Financial Advisors lifted its stake in Stratus Properties by 7.4% in the second quarter. Captrust Financial Advisors now owns 7,246 shares of the financial services provider’s stock valued at $234,000 after buying an additional 500 shares in the last quarter. Finally, State Street Corp lifted its stake in Stratus Properties by 161.7% in the second quarter. State Street Corp now owns 60,670 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 37,483 shares in the last quarter. Institutional investors own 48.94% of the company’s stock.

Stratus Properties Stock Performance

Shares of STRS stock opened at $21.70 on Tuesday. The company’s fifty day simple moving average is $21.16 and its 200-day simple moving average is $24.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.65 and a quick ratio of 2.65. Stratus Properties Inc. has a 12 month low of $18.51 and a 12 month high of $46.44.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STRS. TheStreet raised shares of Stratus Properties from a “d+” rating to a “c” rating in a research note on Wednesday, November 30th. StockNews.com raised shares of Stratus Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd.

Stratus Properties Profile

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Stratus Properties, Inc engages in the acquisition, development, and management of real estate assets. It operates through the following segments: Hotel, Entertainment, Real Estate Operations, and Leasing Operations. The Hotel segment manages W Austin Hotel and Residences. The Entertainment segment includes production studios and venues for live music, concerts, and private events.