Stratus Properties (NASDAQ:STRS) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Stratus Properties shares fell below their 200-day moving average, trading as low as $18.45 versus the average of $26.19. The stock’s 50-day moving average stood at $19.87.
• Analyst sentiment is bearish: Weiss Ratings downgraded the shares from “hold” to “sell,” and MarketBeat reported a consensus rating of “Sell.”
• The company recently paid a $5.00 special dividend, while major shareholder Oasis Management sold 117,612 shares; insiders have sold more than $5.2 million in stock over the past quarter.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.19 and traded as low as $18.45. Stratus Properties shares last traded at $18.45, with a volume of 24,974 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of 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, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Stratus Properties Stock Performance

The firm has a 50 day moving average of $19.87 and a 200-day moving average of $26.19. The stock has a market capitalization of $147.66 million, a PE ratio of 6.99 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70.

Stratus Properties Announces Dividend

The business also recently declared 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 Buying and Selling

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total value of $3,296,664.36. Following the transaction, the insider owned 843,517 shares in the company, valued at approximately $23,643,781.51. This represents a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 186,332 shares of company stock worth $5,201,052 over the last quarter. Insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Stratus Properties

An institutional investor recently bought a new position in Stratus Properties stock. Rangeley Capital LLC acquired a new stake in shares of Stratus Properties Inc. (NASDAQ:STRS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,546 shares of the financial services provider's stock, valued at approximately $383,000. Rangeley Capital LLC owned about 0.16% of Stratus Properties at the end of the most recent quarter. 61.63% of the stock is currently owned by institutional investors.

Stratus Properties Company Profile

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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