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 $27.61 and traded as low as $19.2890. Stratus Properties shares last traded at $19.65, with a volume of 18,048 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on STRS shares. Wall Street Zen cut Stratus Properties from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Stratus Properties from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".
Read Our Latest Analysis on Stratus Properties
Stratus Properties Price Performance
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 $156.87 million, a P/E ratio of 7.44 and a beta of 1.02. The company's 50-day simple moving average is $23.55 and its 200 day simple moving average is $27.61.
Stratus Properties Dividend Announcement
The firm also recently disclosed a special dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 13th were issued a $5.00 dividend. The ex-dividend date was Monday, July 13th.
Insider Buying and Selling at Stratus Properties
In other Stratus Properties news, Director James Joseph sold 3,380 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $27.77, for a total transaction of $93,862.60. Following the transaction, the director directly owned 2,286 shares of the company's stock, valued at $63,482.22. This represents a 59.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Oasis Management Co Ltd. sold 117,612 shares of the firm's stock in a transaction dated 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 trade represents a 12.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 199,712 shares of company stock worth $5,585,414 over the last three months. Company insiders own 10.00% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Stratus Properties by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock worth $3,008,000 after buying an additional 15,896 shares during the period. Hodges Capital Management Inc. raised its holdings in Stratus Properties by 9.3% in the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider's stock worth $3,863,000 after acquiring an additional 13,600 shares during the period. Rangeley Capital LLC bought a new position in Stratus Properties in the 1st quarter worth $383,000. Nuveen LLC acquired a new position in Stratus Properties during the 4th quarter worth $206,000. Finally, Vanguard Group Inc. lifted its position in Stratus Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock worth $9,107,000 after acquiring an additional 7,994 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.
Stratus Properties Company Profile
(
Get Free Report)
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.
Further Reading
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