Stratus Properties (NASDAQ:STRS) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Stratus Properties shares fell below their 200-day moving average, trading as low as $18.71 versus the average of $27.96, and last changing hands at $18.81.
• Analyst sentiment is bearish: Weiss Ratings downgraded the stock to “sell,” Wall Street Zen cut it to “hold,” and MarketBeat reports an average rating of “Sell.”
• The company reported $0.82 in quarterly EPS on $3.79 million in revenue and recently paid a $5.00-per-share special dividend; however, insiders sold nearly 200,000 shares worth about $5.6 million over the past 90 days.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.96 and traded as low as $18.71. Stratus Properties shares last traded at $18.81, with a volume of 122,332 shares traded.

Wall Street Analysts Forecast Growth

STRS has been the topic of a number of research reports. Weiss Ratings downgraded shares of Stratus Properties from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Stratus Properties from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

Stratus Properties Trading Down 0.2%

The firm has a fifty day moving average of $24.60 and a 200 day moving average of $27.96. The firm has a market capitalization of $150.10 million, a PE ratio of 7.12 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 (NASDAQ:STRS - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. Stratus Properties had a return on equity of 6.28% and a net margin of 74.96%.The firm had revenue of $3.79 million during the quarter. During the same quarter in the prior year, the company earned ($0.36) EPS.

Stratus Properties Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 13th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, July 13th.

Insider Buying and Selling 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 sale, the insider owned 843,517 shares of the company's stock, valued at $23,643,781.51. The trade was a 12.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Joseph sold 3,380 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $27.77, for a total transaction of $93,862.60. Following the completion of the transaction, the director owned 2,286 shares in the company, valued at $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 sold 199,712 shares of company stock valued at $5,585,414 over the last 90 days. Insiders own 10.00% of the company's stock.

Institutional Trading of Stratus Properties

Several large investors have recently modified their holdings of the business. Rangeley Capital LLC acquired a new position in shares of Stratus Properties in the first quarter worth about $383,000. Barclays PLC grew its stake in 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 purchasing an additional 1,001 shares in the last quarter. State Street Corp grew its stake in 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 purchasing an additional 2,446 shares in the last quarter. Wells Fargo & Company MN increased its holdings 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 purchasing an additional 2,367 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in Stratus Properties during the 4th quarter worth approximately $93,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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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