Stratus Properties (NASDAQ:STRS) Downgraded by StockNews.com

Stratus Properties (NASDAQ:STRSGet Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, TheStreet lowered shares of Stratus Properties from a “c-” rating to a “d+” rating in a research report on Wednesday, January 31st.

Read Our Latest Stock Report on STRS

Stratus Properties Price Performance

NASDAQ:STRS opened at $22.75 on Tuesday. Stratus Properties has a 1 year low of $18.55 and a 1 year high of $29.99. The firm’s fifty day simple moving average is $23.04 and its 200 day simple moving average is $25.88. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53.

Institutional Trading of Stratus Properties

Several institutional investors have recently made changes to their positions in STRS. BlackRock Inc. lifted its holdings in Stratus Properties by 1.1% during the 1st quarter. BlackRock Inc. now owns 40,368 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 444 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Stratus Properties by 7.4% in the second quarter. Captrust Financial Advisors now owns 7,246 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Stratus Properties by 11.1% in the second quarter. JPMorgan Chase & Co. now owns 5,035 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 503 shares during the last quarter. Northern Trust Corp raised its stake in shares of Stratus Properties by 1.0% in the third quarter. Northern Trust Corp now owns 51,763 shares of the financial services provider’s stock worth $1,418,000 after acquiring an additional 530 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Stratus Properties by 200.0% in the first quarter. Bank of America Corp DE now owns 873 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 582 shares during the last quarter. 52.45% of the stock is currently owned by institutional investors and hedge funds.

About Stratus Properties

(Get Free Report)

Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, and sale of commercial, and multi-and single-family residential real estate properties in Texas. The company operates through two segments, Real Estate Operations and Leasing Operations. Its leasing operations cover lease of space at retail and mixed-use, and multi-family properties.

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