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

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.67 and traded as low as $18.09. Stratus Properties shares last traded at $18.20, with a volume of 3,611 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Stratus Properties from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

Stratus Properties Stock Performance

The stock's fifty day moving average is $18.82 and its two-hundred day moving average is $18.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $142.15 million, a price-to-earnings ratio of -25.90 and a beta of 1.17.

Stratus Properties (NASDAQ:STRS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.36) EPS for the quarter. The business had revenue of $5.04 million during the quarter. Stratus Properties had a negative net margin of 16.72% and a negative return on equity of 1.84%.

Insider Activity at Stratus Properties

In other news, Director James Joseph sold 5,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $18.82, for a total value of $94,100.00. Following the completion of the sale, the director owned 15,715 shares of the company's stock, valued at $295,756.30. This trade represents a 24.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 10.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Stratus Properties by 12,071.4% during the first quarter. GAMMA Investing LLC now owns 3,408 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 3,380 shares during the period. B & T Capital Management DBA Alpha Capital Management grew its holdings in Stratus Properties by 49.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 57,872 shares of the financial services provider's stock valued at $1,027,000 after buying an additional 19,122 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Stratus Properties by 150.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider's stock worth $33,000 after buying an additional 946 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Stratus Properties by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider's stock worth $209,000 after buying an additional 772 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Stratus Properties in the fourth quarter valued at approximately $390,000. Institutional investors and hedge funds own 61.63% of the company's stock.

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.