Boston, MA 06/10/2013 (wallstreetpr) – The share prices of Stratus Properties Inc. (NASDAQ:STRS) had declined by 8.62 percent to close at $12.29 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $11.90 to $13.59 per share during the day. The shares of Stratus Properties Inc. (NASDAQ:STRS) had recorded 52 week low price level of $7.46 per share and 52 week high price level of $13.54 per share.
Stratus Properties Inc. (NASDAQ:STRS) is primarily engaged in the real estate services related to commercial, hotel, entertainment, multi family and single family residential properties. The company is involved in the acquisition, development, construction and sale of real estate properties of such types in the Austin, Texas area. The revenues of Stratus Properties Inc. (NASDAQ:STRS) are primarily generated through sale of such real estate properties and through the rental income from the commercial properties developed by the company.
In the recently released financial results for the first quarter of fiscal year, 2013 Stratus Properties Inc. (NASDAQ:STRS) had reported revenue per available room in its real estate properties at the W Austin Hotel at $278, compared to the revenue per room of $238 for the same quarter of previous year. The real estate company had also reported total sales of 128 condominium units for a gross value of $140.7 million.
Stratus Properties Inc. (NASDAQ:STRS) had recently been declining in share prices with more than average trading volumes owing to the weakening results reported by the real estate company for the first quarter of fiscal year, 2013. The company had witnessed the trade of 10,196 shares on Friday, while the average trading volume of the company is at 8,858 shares per day.
Stratus Properties Inc. (NASDAQ:STRS) presently holds 8.08 million shares outstanding in the market with an institutional ownership of 30 percent of its holdings.
