Stratus Properties (NASDAQ:STRS) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.61 and traded as low as $24.23. Stratus Properties shares last traded at $24.64, with a volume of 7,843 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Stratus Properties from a "hold" rating to a "sell" rating in a research report on Tuesday, August 13th.

Stratus Properties Trading Down 0.7 %

The firm's fifty day simple moving average is $25.54 and its 200 day simple moving average is $24.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $197.64 million, a P/E ratio of -41.64 and a beta of 1.10.

Stratus Properties (NASDAQ:STRS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. Stratus Properties had a negative net margin of 2.05% and a negative return on equity of 0.30%. The firm had revenue of $8.49 million during the quarter.

Insider Buying and Selling

In other news, major shareholder Oasis Management Co Ltd. sold 1,041 shares of the firm's stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $28.53, for a total value of $29,699.73. Following the sale, the insider now directly owns 1,157,385 shares in the company, valued at approximately $33,020,194.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 5,962 shares of company stock worth $171,332 in the last ninety days. 9.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STRS. BNP Paribas Financial Markets raised its holdings in Stratus Properties by 75.4% in the 1st quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider's stock valued at $65,000 after buying an additional 1,226 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Stratus Properties by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider's stock valued at $248,000 after acquiring an additional 525 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Stratus Properties by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider's stock valued at $426,000 after acquiring an additional 997 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Stratus Properties by 1.5% during the first quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider's stock worth $838,000 after purchasing an additional 528 shares during the period. Finally, Chilton Capital Management LLC grew its stake in shares of Stratus Properties by 2.7% in the first quarter. Chilton Capital Management LLC now owns 76,247 shares of the financial services provider's stock worth $1,741,000 after purchasing an additional 2,000 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.