Stratus Properties (NASDAQ:STRS) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Stratus Properties Inc. (NASDAQ:STRS) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.72 and traded as low as $18.76. Stratus Properties shares last traded at $18.95, with a volume of 6,386 shares traded.

Analysts Set New Price Targets

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

Stratus Properties Stock Down 0.3%

The company has a market cap of $151.66 million, a price-to-earnings ratio of 7.18 and a beta of 1.02. 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 stock’s fifty day moving average is $21.18 and its two-hundred day moving average is $26.72.

Stratus Properties Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 13th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Monday, July 13th.

Insider Buying and Selling

In related news, major shareholder Oasis Management Co Ltd. sold 28,720 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $27.51, for a total value of $790,087.20. Following the completion of the sale, the insider directly owned 784,797 shares of the company’s stock, valued at approximately $21,589,765.47. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 186,332 shares of company stock valued at $5,201,052. Corporate insiders own 10.00% of the company’s stock.

Institutional Trading of Stratus Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 15,896 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Stratus Properties by 348.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,904 shares during the last quarter. JPMorgan Chase & Co. grew its position in Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,985 shares in the last quarter. Vanguard Group Inc. grew its position in Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after purchasing an additional 7,994 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Stratus Properties by 84.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock valued at $27,000 after buying an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stratus Properties Company Profile

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.