Stratus Properties (NASDAQ:STRS) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Stratus Properties Inc. (NASDAQ:STRS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.61 and traded as low as $19.2890. Stratus Properties shares last traded at $19.65, with a volume of 18,048 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on STRS shares. Weiss Ratings downgraded Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Wall Street Zen cut Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Stratus Properties Stock Down 0.8%

The stock has a market cap of $153.67 million, a price-to-earnings ratio of 7.29 and a beta of 1.02. The firm’s fifty day moving average price is $23.36 and its two-hundred day moving average price is $27.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.70 and a quick ratio of 3.70.

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 news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was 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 in the company, valued at $23,643,781.51. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Joseph sold 3,380 shares of the company’s 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 transaction, the director directly owned 2,286 shares in the company, valued at $63,482.22. The trade was a 59.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 199,712 shares of company stock worth $5,585,414. Corporate insiders own 10.00% of the company’s stock.

Institutional Trading of Stratus Properties

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its stake in shares of Stratus Properties by 10.6% in the fourth quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,001 shares in the last quarter. State Street Corp increased its position in shares of Stratus Properties by 2.9% during the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 2,446 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Stratus Properties by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 2,367 shares in the last quarter. Nuveen LLC bought a new stake in shares of Stratus Properties during the fourth quarter worth about $206,000. Finally, Geode Capital Management LLC raised its holdings in shares of Stratus Properties by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock worth $3,872,000 after acquiring an additional 1,393 shares during the last quarter. Institutional investors and hedge funds 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.