Stratus Properties (NASDAQ:STRS) Stock Crosses Below 200 Day Moving Average - What's Next?

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.67 and traded as low as $18.28. Stratus Properties shares last traded at $18.80, with a volume of 14,459 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Stratus Properties from a "sell" rating to a "hold" rating in a research report on Sunday, December 22nd.

Stratus Properties Price Performance

The business has a fifty day moving average of $23.46 and a two-hundred day moving average of $24.63. The firm has a market capitalization of $152.02 million, a price-to-earnings ratio of 134.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Activity at Stratus Properties

In other news, major shareholder Oasis Management Co Ltd. sold 1,775 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $27.07, for a total transaction of $48,049.25. Following the completion of the sale, the insider now owns 1,139,524 shares of the company's stock, valued at approximately $30,846,914.68. This represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 3,859 shares of company stock worth $104,317. Corporate insiders own 9.30% of the company's stock.

Institutional Investors Weigh In On Stratus Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider's stock valued at $191,000 after purchasing an additional 5,411 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Stratus Properties by 124.4% during the third 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. Bank of New York Mellon Corp increased its stake in shares of Stratus Properties by 6.3% in 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 buying an additional 997 shares during the period. Tectonic Advisors LLC raised its holdings in Stratus Properties by 4.7% during the 3rd quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider's stock worth $1,065,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Stratus Properties by 3.8% in the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider's stock valued at $3,630,000 after buying an additional 5,081 shares during the period. 61.63% of the stock is owned by institutional investors.

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.