Stratus Properties (NASDAQ:STRS) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.64 and traded as low as $17.89. Stratus Properties shares last traded at $18.07, with a volume of 8,727 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Stratus Properties in a research note on Saturday. They set a "sell" rating for the company.

Stratus Properties Trading Down 0.7 %

The company's 50 day moving average price is $19.09 and its 200 day moving average price is $22.49. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $145.06 million, a PE ratio of 128.14 and a beta of 1.21.

Institutional Trading of Stratus Properties

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider's stock worth $3,630,000 after purchasing an additional 5,081 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in Stratus Properties by 46.1% during the fourth quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider's stock worth $5,384,000 after purchasing an additional 81,895 shares in the last quarter. Barclays PLC raised its holdings in Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider's stock worth $191,000 after purchasing an additional 5,411 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 in the last quarter. Finally, Ingalls & Snyder LLC raised its holdings in Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider's stock worth $24,789,000 after purchasing an additional 2,516 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

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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.