Stratus Properties (NASDAQ:STRS) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Stratus Properties shares fell below their 200-day moving average, trading as low as $18.76 versus the $27.16 average, signaling notable downward momentum.
• Analyst sentiment has weakened, with recent downgrades to “hold” and “sell”; the stock currently carries a consensus “Sell” rating.
• Despite a $5.00 special dividend, insiders sold roughly 189,712 shares worth $5.3 million in the last quarter, while institutional investors own 61.63% of the company.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.16 and traded as low as $18.76. Stratus Properties shares last traded at $18.76, with a volume of 14,524 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on STRS shares. Wall Street Zen downgraded Stratus Properties from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Weiss Ratings downgraded Stratus Properties from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Stratus Properties Stock Down 1.6%

The business's fifty day moving average price is $22.38 and its two-hundred day moving average price is $27.16. 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 stock has a market capitalization of $149.76 million, a PE ratio of 7.11 and a beta of 1.02.

Stratus Properties Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, July 13th.

Insiders Place Their Bets

In related news, Director James Joseph sold 3,380 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $27.77, for a total transaction of $93,862.60. Following the completion of the transaction, the director directly owned 2,286 shares in the company, valued at $63,482.22. The trade was a 59.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Oasis Management Co Ltd. sold 28,720 shares of the company's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $27.51, for a total transaction of $790,087.20. Following the completion of the sale, the insider directly owned 784,797 shares in the company, valued at approximately $21,589,765.47. The trade was a 3.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 189,712 shares of company stock worth $5,294,914 in the last quarter. Company insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors have recently modified their holdings of STRS. BNP Paribas Financial Markets lifted its holdings in shares of Stratus Properties by 84.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider's stock valued at $27,000 after buying an additional 580 shares during the period. Tower Research Capital LLC TRC raised its position in Stratus Properties by 348.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 1,904 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Stratus Properties during the fourth quarter valued at approximately $93,000. Wells Fargo & Company MN lifted its holdings in Stratus Properties by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider's stock valued at $181,000 after acquiring an additional 2,367 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Stratus Properties by 30.6% in the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 1,985 shares during the period. Hedge funds and other institutional investors own 61.63% of the company's stock.

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.

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