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

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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 $21.30 and traded as low as $18.08. Stratus Properties shares last traded at $18.11, with a volume of 4,879 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Stratus Properties in a research note on Wednesday. They issued a "sell" rating for the company.

Get Our Latest Stock Analysis on STRS

Stratus Properties Price Performance

The stock has a market capitalization of $147.98 million, a PE ratio of 130.93 and a beta of 0.98. 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 moving average is $18.47 and its 200 day moving average is $21.23.

Stratus Properties (NASDAQ:STRS - Get Free Report) last announced its earnings results on Friday, March 28th. The financial services provider reported ($0.06) earnings per share for the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%. The business had revenue of $10.30 million for the quarter.

Institutional Investors Weigh In On Stratus Properties

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Stratus Properties by 150.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider's stock valued at $33,000 after buying an additional 946 shares during the period. GAMMA Investing LLC lifted its holdings in Stratus Properties by 12,071.4% in the first quarter. GAMMA Investing LLC now owns 3,408 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 3,380 shares during the period. Wells Fargo & Company MN lifted its holdings in Stratus Properties by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider's stock valued at $105,000 after acquiring an additional 713 shares during the period. Barclays PLC boosted its position in shares of Stratus Properties by 281.2% during the 3rd 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. Finally, JPMorgan Chase & Co. increased its holdings in shares of Stratus Properties by 124.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider's stock valued at $250,000 after purchasing an additional 5,323 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

About Stratus Properties

(Get Free Report)

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.

See Also

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