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

Shares of Stratus Properties Inc. (NASDAQ:STRS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.96 and traded as low as $18.71. Stratus Properties shares last traded at $18.81, with a volume of 122,332 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STRS. Wall Street Zen downgraded Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Stratus Properties has a consensus rating of “Sell”.

Stratus Properties Stock Performance

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 $150.96 million, a P/E ratio of 7.16 and a beta of 1.02. The business’s fifty day simple moving average is $24.42 and its 200-day simple moving average is $27.91.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. The business had revenue of $3.79 million during the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period last year, the company earned ($0.36) EPS.

Stratus Properties Announces Dividend

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

Insider Activity at Stratus Properties

In other Stratus Properties news, Director James Joseph sold 3,380 shares of Stratus Properties stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $27.77, for a total value of $93,862.60. Following the sale, the director owned 2,286 shares of the company’s stock, valued at $63,482.22. The trade was a 59.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Oasis Management Co Ltd. sold 117,612 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total value of $3,296,664.36. Following the transaction, the insider owned 843,517 shares of the company’s stock, valued at $23,643,781.51. This represents a 12.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,712 shares of company stock valued at $5,585,414 in the last 90 days. 10.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STRS. BNP Paribas Financial Markets increased its stake in Stratus Properties by 84.7% during the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 580 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,904 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Stratus Properties in the 4th quarter worth approximately $93,000. Wells Fargo & Company MN boosted its holdings in shares of Stratus Properties by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,367 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Stratus Properties by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,985 shares during the period. Institutional investors own 61.63% of the company’s stock.

About Stratus Properties

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.