Stratus Properties (NASDAQ:STRS) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Key Points

• Stratus Properties shares fell below their 200-day moving average, trading as low as $18.76 versus the $26.72 average, and last changing hands at $18.95.
• Weiss Ratings downgraded the stock from “hold (C-)” to “sell (D+),” while the sole analyst tracked by MarketBeat also rates STRS as a Sell.
• The company paid a $5.00 special dividend, but insider selling continued, including Oasis Management’s sale of 117,612 shares; insiders have sold 186,332 shares over the past quarter.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.72 and traded as low as $18.76. Stratus Properties shares last traded at $18.95, with a volume of 6,386 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Stratus Properties from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Stratus Properties has an average rating of "Sell".

Stratus Properties Price Performance

The company's fifty day moving average is $21.18 and its 200 day moving average is $26.72. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41. The stock has a market cap of $151.66 million, a PE ratio of 7.18 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 given a $5.00 dividend. The ex-dividend date of this dividend was Monday, July 13th.

Insider Activity at Stratus Properties

In related news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total transaction of $3,296,664.36. Following the transaction, the insider owned 843,517 shares in the company, valued at approximately $23,643,781.51. The trade was a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 186,332 shares of company stock valued at $5,201,052. Company insiders own 10.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STRS. Rangeley Capital LLC purchased a new stake in shares of Stratus Properties in the first quarter worth about $383,000. Barclays PLC raised its holdings in shares of Stratus Properties by 10.6% during the 4th quarter. Barclays PLC now owns 10,428 shares of the financial services provider's stock valued at $252,000 after buying an additional 1,001 shares during the period. State Street Corp raised its holdings in shares of Stratus Properties by 2.9% during the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider's stock valued at $2,131,000 after buying an additional 2,446 shares during the period. Wells Fargo & Company MN lifted its position in Stratus Properties by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider's stock worth $181,000 after acquiring an additional 2,367 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in Stratus Properties in the 4th quarter worth approximately $93,000. 61.63% of the stock is owned by hedge funds and other institutional investors.

Stratus Properties Company Profile

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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