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Stratus Properties (NASDAQ:STRS) Stock, Option Chain

Stratus Properties

Stratus Properties Inc is a diversified real estate company operating in the United States. It is engaged in the acquisition, entitlement, development, management, operation and sale of commercial, multi- and single-family residential real estate properties, located in the Austin Texas area and other select markets in Texas. It operates its business through two segments namely, Real Estate Operations and Leasing Operations.

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Toward the end of trading Friday, the Dow traded down 0.59% to 34,509.34 while the NASDAQ fell 1.38% to 13,958.13. The S&amp;P also fell, dropping, 0.99% to 4,438.28.



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Midway through trading Tuesday, the Dow traded down 0.16% to 34,337.29 while the NASDAQ fell 0.16% to 13,638.63. The S&amp;P also fell, dropping 0.20% to 4,188.77.

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Stratus Properties Inc

On November 25, a recent SEC filing unveiled that Oasis Management Co Ltd, 10% Owner at Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) made an insider sell.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000885508/000090266424006776//Archives/edgar/data/885508/000090266424006776/0000902664-24-006776-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Ltd sold 2,395 shares of Stratus Properties. The total transaction value is $64,665.
In the Tuesday's morning session, Stratus Properties's shares are currently trading at $26.42, experiencing a down of 0.0%.
<h3>Discovering Stratus Properties: A Closer Look</h3>
Stratus Properties Inc is a diversified real estate company operating in the United States. It is engaged in the acquisition, entitlement, development, management, operation and sale of commercial, multi- and single-family residential real estate properties, located in the Austin Texas area and other select markets in Texas. It operates its business through two segments namely, Real Estate Operations and Leasing Operations.
<h3>Unraveling the Financial Story of Stratus Properties</h3>
Positive Revenue Trend: Examining Stratus Properties's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 142.33% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 2.45%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Stratus Properties's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.05.
</li>
</ul>
Debt Management: Stratus Properties's debt-to-equity ratio stands notably higher than the industry average, reaching 1.0. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 139.05 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 4.47 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 161.61, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885508">Check Out The Full List Of Stratus Properties's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Stratus Properties 10% Owner Sold $64K In Company Stock

Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) reported quarterly losses of $(0.05) per share. This is a 86.11 percent increase over losses of $(0.36) per share from the same period last year. The company reported $8.89 million in sales this quarter. This is a 142.33 percent increase over sales of $3.67 million the same period last year.

Stratus Properties Q3 EPS $(0.05) Up From $(0.36) YoY, Sales $8.89M Up From $3.67M YoY

Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) reported quarterly losses of $(0.21) per share. This is a 67.19 percent increase over losses of $(0.64) per share from the same period last year. The company reported $8.50 million in sales this quarter. This is a 140.79 percent increase over sales of $3.53 million the same period last year.

Stratus Properties Q2 EPS $(0.21) Up From $(0.64) YoY, Sales $8.50M Up From $3.53M YoY

Stratus Properties Sees Q1 2024 EPS $0.56 Up From $(0.73) YoY; Revenue $26.507M Up From $5.802M YoY

Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) reported quarterly losses of $(0.16) per share. This is a 68.63 percent increase over losses of $(0.51) per share from the same period last year. The company reported $4.27 million in sales this quarter. This is a 67.90 percent decrease over sales of $13.30 million the same period last year.

Stratus Properties Q4 EPS $(0.16) Up From $(0.51) YoY, Sales $4.27M Down From $13.30M YoY

Stratus Properties Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) ("Stratus" or the "Company") today confirmed that on January 24, 2024 it received an unsolicited, non-binding proposal from NXSTEP Opportunity Partners ("NXSTEP") to acquire Stratus for $27.18 per share in cash, subject to adjustments. NXSTEP's proposal was subject to a number of conditions and assumptions, including important assumptions that were incorrect.
Stratus' Board of Directors ("Board") considered the proposal and determined unanimously that the proposal substantially undervalues the Company and its future prospects and is not in the best interests of the Company and its stockholders. Accordingly, the Board advised NXSTEP on February 15, 2024 that, "After careful deliberation, including consultation with its advisers, the Board has determined that continuing to pursue Stratus' long-term strategy is in the best interests of Stratus and its stockholders at this time."
On February 20, 2024, Stratus' stockholder Oasis Management Company Ltd. filed an amendment to its Schedule 13D reporting that it had entered into an agreement with NXSTEP supportive of its proposal, and Stratus received an updated non-binding proposal from NXSTEP in which NXSTEP increased its estimated proposed net purchase price to approximately $27.30 per share in cash. This revised proposal was also subject to the same conditions and incorrect assumptions as the prior offer of January 24, 2024.
Stratus' Board plans to consider these matters consistent with its fiduciary duties and respond to NXSTEP in due course. Stratus does not intend to comment on or disclose further developments regarding the proposal unless and until it deems further disclosure is appropriate or required.

Stratus Properties Inc. Responds To Unsolicited, Non-Binding Acquisition Proposal From NXSTEP Opportunity Partners To Acquire Stratus For $27.18 Per Share In Cash; Says Board Of Directors Determined Unanimously That The Proposal Substantially Undervalues The Company And Its Future Prospects And Is Not In The Best Interests Of The Company And Its Stockholders

Stratus Properties EPS $(0.35) Down From $(0.29) YoY, Revenue $3.669M Down From $9.977M YoY

Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) reported quarterly losses of $(0.64) per share. This is a 811.11 percent decrease over earnings of $0.09 per share from the same period last year. The company reported $3.53 million in sales this quarter. This is a 68.27 percent decrease over sales of $11.13 million the same period last year.

Stratus Properties Q2 EPS $(0.64) Down From $0.09 YoY, Sales $3.53M Down From $11.13M YoY

Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) reported quarterly losses of $(0.71) per share. This is a 408.7 percent decrease over earnings of $0.23 per share from the same period last year. The company reported $5.80 million in sales this quarter. This is a 87.16 percent increase over sales of $3.10 million the same period last year.

Stratus Properties Q1 EPS $(0.71) Down From $0.23 YoY, Sales $5.80M Up From $3.10M YoY

Stratus Plans New $10M Share Repurchase Program

Stratus Properties Reports 2022 Net Income Attributable Of $90.4M Or $10.99 Per Share Vs. $57.4M Or $6.90 Per Share Prior Year

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching:</h2>
<ol>
<li>Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) - P/E: 2.78</li>
<li>Medical Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) - P/E: 5.86</li>
<li>Sotherly Hotels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHO#NASDAQ">SOHO</a>) - P/E: 1.61</li>
<li>BRT Apartments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRT#NYSE">BRT</a>) - P/E: 7.1</li>
<li>Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) - P/E: 4.69</li>
</ol>
Stratus Properties saw a decrease in earnings per share from 0.09 in Q2 to $-0.29 now. Most recently, Medical Properties Trust reported earnings per share at $0.43, whereas in Q3 earnings per share sat at $0.45. The company's most recent dividend yield sits at 8.84%, which has decreased by 1.48% from 10.32% last quarter. 
Most recently, Sotherly Hotels reported earnings per share at $0.41, whereas in Q3 earnings per share sat at $0.12. Its most recent dividend yield is at 8.14%, which has increased by 0.14% from 8.0% in the previous quarter.
Most recently, BRT Apartments reported earnings per share at $0.38, whereas in Q2 earnings per share sat at $0.37. The company's most recent dividend yield sits at 5.04%, which has increased by 0.67% from 4.37% last quarter. 
Annaly Capital Management saw a decrease in earnings per share from 1.06 in Q3 to $0.89 now. Most recently, the company reported a dividend yield of 16.52%, which has increased by 3.17% from last quarter's yield of 13.35%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

SOHO

5 Value Stocks In The Real Estate Sector

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching:</h2>
<ol>
<li>AFC Gamma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFCG#NASDAQ">AFCG</a>) - P/E: 7.47</li>
<li>Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) - P/E: 7.85</li>
<li>American Realty Investors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARL#NYSE">ARL</a>) - P/E: 1.37</li>
<li>Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) - P/E: 3.19</li>
<li>Anywhere Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOUS#NYSE">HOUS</a>) - P/E: 4.69</li>
</ol>
This quarter, AFC Gamma experienced a decrease in earnings per share, which was $0.69 in Q2 and is now $0.59. The company's most recent dividend yield sits at 13.68%, which has increased by 0.78% from 12.9% last quarter. 
Alpine Income Prop Trust has reported Q3 earnings per share at $0.4, which has decreased by 14.89% compared to Q2, which was 0.47. The company's most recent dividend yield sits at 5.9%, which has decreased by 0.12% from 6.02% last quarter. 
Most recently, American Realty Investors reported earnings per share at $18.72, whereas in Q2 earnings per share sat at $1.01. This quarter, Stratus Properties experienced a decrease in earnings per share, which was $0.09 in Q2 and is now $-0.29. This quarter, Anywhere Real Estate experienced a decrease in earnings per share, which was $0.69 in Q2 and is now $0.58. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

AFCG

HOUS

PINE

A Look Into Real Estate Sector Value Stocks

Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) reported quarterly losses of $(0.29) per share. This is a 36.96 percent increase over losses of $(0.46) per share from the same period last year.

Stratus Properties Q3 EPS $(0.29) Up From $(0.46) YoY

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SHF Holdings, Inc. - Class A Common Stock

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Earnings Scheduled For November 14, 2022

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the real estate sector:</h2>
<ol>
<li>Jones Lang LaSalle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) - P/E: 8.19</li>
<li>SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) - P/E: 8.7</li>
<li>Alpine Income Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) - P/E: 8.96</li>
<li>Medical Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) - P/E: 5.11</li>
<li>Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) - P/E: 3.39</li>
</ol>
Jones Lang LaSalle's earnings per share for Q2 sits at $4.48, whereas in Q1, they were at 3.47. Most recently, the company reported a dividend yield of 1.08%, which has increased by 0.51% from last quarter's yield of 0.57%.
SL Green Realty has reported Q3 earnings per share at $1.66, which has decreased by 11.23% compared to Q2, which was 1.87. The company's most recent dividend yield sits at 9.5%, which has increased by 1.55% from 7.95% last quarter. 
Alpine Income Prop Trust saw a decrease in earnings per share from 0.47 in Q2 to $0.4 now. Most recently, the company reported a dividend yield of 6.02%, which has increased by 0.08% from last quarter's yield of 5.94%.
Medical Properties Trust saw a decrease in earnings per share from 0.47 in Q1 to $0.46 now. Its most recent dividend yield is at 7.03%, which has increased by 0.84% from 6.19% in the previous quarter.
Stratus Properties's earnings per share for Q2 sits at $0.09, whereas in Q1, they were at 0.23. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

<h3>What Defines a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching:</h2>
<ol>
<li>City Office REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIO#NYSE">CIO</a>) - P/E: 1.04</li>
<li>Stratus Properties (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) - P/E: 3.39</li>
<li>Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) - P/E: 3.36</li>
<li>American Realty Investors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARL#NYSE">ARL</a>) - P/E: 5.94</li>
<li>Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) - P/E: 6.33</li>
</ol>
City Office REIT looks to be undervalued. It possesses an EPS of $0.4, which has not changed since last quarter (Q1). Its most recent dividend yield is at 7.09%, which has increased by 0.25% from 6.84% in the previous quarter.
Stratus Properties's earnings per share for Q2 sits at $0.09, whereas in Q1, they were at 0.23. Forestar Group has reported Q3 earnings per share at $0.8, which has decreased by 16.67% compared to Q2, which was 0.96. Most recently, American Realty Investors reported earnings per share at $1.01, whereas in Q1 earnings per share sat at $0.6. This quarter, Arbor Realty Trust experienced a decrease in earnings per share, which was $0.55 in Q1 and is now $0.52. Most recently, the company reported a dividend yield of 9.5%, which has increased by 0.7% from last quarter's yield of 8.8%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks To Watch In The Real Estate Sector

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Invesco California Value Muni Income Trust

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Stocks That Hit 52-Week Lows On Wednesday

<ul>
<li>Stratus Properties Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strs#NASDAQ">STRS</a>) said its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/09/b28732827/stratus-properties-inc-announces-50-million-return-of-capital-to-shareholders" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Board of Directors has decided to return $50 million</a>&nbsp;to shareholders through a special cash dividend and share buyback.</li>
<li>The Board declared a special cash dividend of $4.67 per share on Stratus&#39; common stock, payable on September 29, 2022, to shareholders of record as of September 19, 2022.&nbsp;</li>
<li>The cash dividend will total about $40 million. The rest $10 million is the share buyback program.</li>
<li>Stratus&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/08/b28492918/stratus-properties-inc-reports-second-quarter-2022-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">held $110.5 million in cash and equivalents</a>&nbsp;as of June 30, 2022.</li>
<li>&quot;We are proud to be able to share the gains from our successful development program and recent project sales directly with our shareholders,&rdquo; said Chairman and&nbsp;CEO William H. Armstrong III.</li>
<li>Price Action:&nbsp;STRS shares are trading higher by 6.56% at $37.50 on the last check Friday.</li>
</ul>

Stratus Properties Plans Special Cash Dividend & Stock Buyback

<h1>Stratus Properties Inc. Announces $50 Million Return of Capital to Shareholders</h1>
$40 Million&nbsp;Special Cash Dividend and&nbsp;$10 Million&nbsp;Share Repurchase Program
Stratus Properties Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRS#NASDAQ">STRS</a>) (&quot;Stratus&quot; or the &quot;Company&quot;) today announced that its Board of Directors (&quot;Board&quot;) has decided that Stratus will return&nbsp;$50 million&nbsp;to Stratus&#39; shareholders in the form of a special cash dividend totaling approximately&nbsp;$40 million&nbsp;and a new&nbsp;$10 million&nbsp;share repurchase program.
On September 1, 2022, the Board declared a special cash dividend of&nbsp;$4.67&nbsp;per share on Stratus&#39; common stock payable on September 29, 2022 to shareholders of record as of September 19, 2022. Stratus&#39; Board also approved a new share repurchase program, which authorizes repurchases of up to&nbsp;$10 million&nbsp;of Stratus&#39; common stock. The share repurchase program authorizes Stratus, in management&#39;s discretion, to repurchase shares from time to time, subject to market conditions and other factors.
William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, &quot;Our Board&#39;s decision to return&nbsp;$50 million&nbsp;to shareholders reflects its confidence in our business strategy and in our continued ability to raise third-party equity capital and debt financing to support our development pipeline. Our Board carefully considered alternatives, listened to our shareholders and determined that the special cash dividend and repurchase program are the best approach at this time for our Company and shareholders. We are proud to be able to share the gains from our successful development program and recent project sales directly with our shareholders.&quot;
The special cash dividend was declared and the share repurchase program authorized after the Board obtained the required consents under its debt agreements and as a result of the Board&#39;s strategic planning process.
The timing, price and number of shares that may be repurchased under the share repurchase program will be based on market conditions, applicable securities laws and other factors considered by management. Share repurchases under the program may be made from time to time through solicited or unsolicited transactions in the open market, in privately negotiated transactions or by other means in accordance with securities laws. The share repurchase program does not obligate Stratus to repurchase any specific amount of shares, does not have an expiration date, and may be suspended, modified or discontinued at any time without prior notice. The new program replaces Stratus prior share repurchase program.

Stratus Properties Announces $50M Buy Back Program And Special Cash Dividend Of $4.67 Per Share

Press Releases

Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 Million

Stratus Properties Inc. Reports Year Ended December 31, 2023 Results

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