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

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.04 and traded as low as $18.30. Stratus Properties shares last traded at $18.48, with a volume of 4,411 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Stratus Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th.

Stratus Properties Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The stock's 50-day simple moving average is $19.44 and its two-hundred day simple moving average is $22.91. The stock has a market cap of $148.38 million, a price-to-earnings ratio of 131.07 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in shares of Stratus Properties by 150.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 946 shares during the period. Wells Fargo & Company MN boosted its holdings in Stratus Properties by 16.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider's stock valued at $105,000 after purchasing an additional 713 shares during the period. Barclays PLC grew its position in Stratus Properties by 14.7% in the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider's stock worth $175,000 after purchasing an additional 1,081 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Stratus Properties by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider's stock worth $209,000 after purchasing an additional 772 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Stratus Properties by 124.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider's stock worth $250,000 after purchasing an additional 5,323 shares during the period. 61.63% of the stock is owned by institutional investors.

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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.