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

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.78 and traded as low as $22.08. Stratus Properties shares last traded at $22.15, with a volume of 10,590 shares changing hands.

Wall Street Analyst Weigh In

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

Stratus Properties Price Performance

The firm's fifty day moving average price is $25.06 and its 200 day moving average price is $24.78. The firm has a market capitalization of $179.07 million, a PE ratio of -37.54 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60.

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

Institutional Investors Weigh In On Stratus Properties

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in Stratus Properties by 75.4% during the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider's stock worth $65,000 after buying an additional 1,226 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Stratus Properties by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider's stock worth $248,000 after purchasing an additional 525 shares in the last quarter. Bank of New York Mellon Corp lifted its position 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 worth $426,000 after purchasing an additional 997 shares in the last quarter. Tectonic Advisors LLC lifted its position 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 in the last quarter. Finally, Chilton Capital Management LLC lifted its position in shares of Stratus Properties by 2.7% during 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 in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stratus Properties Company Profile

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.