BlackRock Inc. increased its position in Stratus Properties Inc (NASDAQ:STRS) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,371 shares of the financial services provider’s stock after buying an additional 6,012 shares during the quarter. BlackRock Inc. owned 3.37% of Stratus Properties worth $8,382,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Schwab Charles Investment Management Inc. increased its stake in shares of Stratus Properties by 28.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 11,800 shares of the financial services provider’s stock worth $361,000 after buying an additional 2,600 shares during the period. Institutional investors own 56.20% of the company’s stock.
Shares of NASDAQ STRS opened at $29.15 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.24 and a current ratio of 1.24. Stratus Properties Inc has a 52 week low of $27.25 and a 52 week high of $35.90.
Stratus Properties (NASDAQ:STRS) last issued its earnings results on Thursday, August 9th. The financial services provider reported ($0.11) EPS for the quarter. Stratus Properties had a negative return on equity of 8.47% and a net margin of 5.94%. The firm had revenue of $23.31 million during the quarter.
Separately, ValuEngine raised shares of Stratus Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.
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Stratus Properties Profile
Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, operation, and sale of commercial, hotel, entertainment, and multi-and single-family residential real estate properties primarily in Austin, Texas. The company operates through four segments: Real Estate Operations, Leasing Operations, Hotel, and Entertainment.
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