Stratus Properties (NASDAQ:STRS) Stock Passes Below 200-Day Moving Average – What’s Next?

Stratus Properties Inc. (NASDAQ:STRS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.19 and traded as low as $18.45. Stratus Properties shares last traded at $18.45, with a volume of 24,974 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Stratus Properties Trading Down 0.1%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. The company has a market capitalization of $148.22 million, a price-to-earnings ratio of 7.02 and a beta of 1.02. The business’s 50-day simple moving average is $19.69 and its 200-day simple moving average is $26.10.

Stratus Properties Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 13th were issued a $5.00 dividend. The ex-dividend date was Monday, July 13th.

Insider Transactions at Stratus Properties

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total transaction of $3,296,664.36. Following the completion of the sale, the insider owned 843,517 shares of the company’s stock, valued at approximately $23,643,781.51. The trade was a 12.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 186,332 shares of company stock valued at $5,201,052 over the last quarter. 10.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stratus Properties

A hedge fund recently bought a new position in Stratus Properties stock. Rangeley Capital LLC purchased a new stake in Stratus Properties Inc. (NASDAQ:STRS) during the first quarter, according to its most recent filing with the SEC. The firm purchased 12,546 shares of the financial services provider’s stock, valued at approximately $383,000. Rangeley Capital LLC owned 0.16% of Stratus Properties at the end of the most recent reporting period. Institutional investors own 61.63% of the company’s stock.

About Stratus Properties

Stratus Properties Inc is a real estate development company headquartered in Austin, Texas. The company focuses on the acquisition, development, redevelopment, ownership and management of residential, commercial and mixed-use properties.

Stratus has historically concentrated its activities in the Austin metropolitan area and other select Texas markets. Its portfolio and development activities have included master-planned communities, single-family and multifamily residential projects, office and retail properties, and mixed-use developments designed to combine residential, business, retail and hospitality uses.

The company’s projects have included the Barton Creek community and other developments in the Austin area.