Stratus Properties (NASDAQ:STRS) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Stratus Properties shares fell below their 200-day moving average, trading as low as $18.10 versus the average of $25.67, with the stock last changing hands at $18.16.
• Weiss Ratings downgraded the company from “hold” to “sell,” and the sole analyst tracked by MarketBeat also rates the stock a Sell.
• The company recently paid a special $5.00 dividend, while insiders have sold 186,332 shares worth approximately $5.2 million over the past 90 days.

Shares of Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $25.67 and traded as low as $18.10. Stratus Properties shares last traded at $18.16, with a volume of 3,329 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Stratus Properties from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. One equities 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 Up 0.6%

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 company has a market capitalization of $145.33 million, a P/E ratio of 6.88 and a beta of 1.02. The firm has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $25.67.

Stratus Properties Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, July 20th. Shareholders 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 other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 28,720 shares of the firm's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $27.51, for a total value of $790,087.20. Following the sale, the insider directly owned 784,797 shares in the company, valued at $21,589,765.47. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 186,332 shares of company stock valued at $5,201,052. 10.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Stratus Properties stock. Rangeley Capital LLC bought a new stake in Stratus Properties Inc. (NASDAQ:STRS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,546 shares of the financial services provider's stock, valued at approximately $383,000. Rangeley Capital LLC owned 0.16% of Stratus Properties as of its most recent filing with the Securities and Exchange Commission (SEC). 61.63% of the stock is currently owned by hedge funds and other institutional investors.

About Stratus Properties

Stratus Properties Inc is a real estate development company headquartered in Austin, Texas. The company focuses on the acquisition, development, redevelopment, ownership and management of residential, commercial and mixed-use properties.

Stratus has historically concentrated its activities in the Austin metropolitan area and other select Texas markets. Its portfolio and development activities have included master-planned communities, single-family and multifamily residential projects, office and retail properties, and mixed-use developments designed to combine residential, business, retail and hospitality uses.

The company's projects have included the Barton Creek community and other developments in the Austin area.

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