Stratus Properties (NASDAQ:STRS) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.01 and traded as low as $16.25. Stratus Properties shares last traded at $16.59, with a volume of 8,138 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Stratus Properties in a report on Thursday, April 24th. They set a "sell" rating on the stock.

Stratus Properties Trading Up 1.2 %

The firm's 50-day simple moving average is $18.07 and its 200 day simple moving average is $20.81. The firm has a market capitalization of $132.03 million, a price-to-earnings ratio of 116.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09.

Stratus Properties (NASDAQ:STRS - Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The financial services provider reported ($0.06) earnings per share for the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%. The company had revenue of $10.30 million during the quarter.

Institutional Investors Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRS. Geode Capital Management LLC increased its holdings in Stratus Properties by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider's stock worth $3,630,000 after buying an additional 5,081 shares during the period. Hodges Capital Management Inc. raised its stake in Stratus Properties by 46.1% in the fourth quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider's stock valued at $5,384,000 after buying an additional 81,895 shares in the last quarter. Barclays PLC boosted its position in shares of Stratus Properties by 281.2% in the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider's stock valued at $191,000 after purchasing an additional 5,411 shares during the period. JPMorgan Chase & Co. increased its position in Stratus Properties by 124.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider's stock valued at $250,000 after acquiring an additional 5,323 shares during the period. Finally, Tectonic Advisors LLC boosted its holdings in Stratus Properties by 11.6% in the 4th quarter. Tectonic Advisors LLC now owns 45,716 shares of the financial services provider's stock valued at $949,000 after purchasing an additional 4,743 shares in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

About Stratus Properties

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.