Stratus Properties (NASDAQ:STRS) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Stratus Properties Inc. (NASDAQ:STRS)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.48 and traded as low as $19.57. Stratus Properties shares last traded at $19.82, with a volume of 73,408 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Stratus Properties in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Stratus Properties Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 3.70 and a quick ratio of 3.70. The company’s 50-day moving average price is $26.84 and its 200-day moving average price is $28.48. The company has a market cap of $158.16 million, a P/E ratio of 7.51 and a beta of 1.03.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. The business had revenue of $3.79 million for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period in the prior year, the firm posted ($0.36) earnings per share.

Stratus Properties Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 13th were issued a $5.00 dividend. The ex-dividend date was Monday, July 13th.

Insider Activity

In related news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $28.03, for a total value of $3,296,664.36. Following the sale, the insider owned 843,517 shares of the company’s stock, valued at approximately $23,643,781.51. This trade represents a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Joseph sold 3,380 shares of Stratus Properties stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $27.77, for a total value of $93,862.60. Following the completion of the sale, the director directly owned 2,286 shares in the company, valued at approximately $63,482.22. This represents a 59.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 235,348 shares of company stock valued at $6,651,763 over the last ninety days. 10.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Stratus Properties

Several hedge funds have recently made changes to their positions in STRS. Vanguard Group Inc. raised its holdings in shares of Stratus Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 7,994 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Stratus Properties by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock worth $3,872,000 after purchasing an additional 1,393 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in Stratus Properties by 9.3% during the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock worth $3,863,000 after purchasing an additional 13,600 shares during the last quarter. State Street Corp grew its position in Stratus Properties by 2.9% in the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Tectonic Advisors LLC grew its position in Stratus Properties by 12.4% in the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock valued at $1,430,000 after purchasing an additional 6,512 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

About Stratus Properties

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.