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

Stratus Properties Inc. (NASDAQ:STRS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.48 and traded as low as $19.57. Stratus Properties shares last traded at $19.82, with a volume of 73,408 shares traded.

Analyst Ratings Changes

Several research firms recently commented on STRS. Weiss Ratings reissued a “hold (c-)” rating on shares of Stratus Properties in a research note on Wednesday, July 8th. Wall Street Zen lowered shares of Stratus Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Stratus Properties Stock Performance

The firm’s fifty day simple moving average is $26.84 and its 200 day simple moving average is $28.48. The company has a market capitalization of $158.22 million, a price-to-earnings ratio of 7.51 and a beta of 1.03. 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 (NASDAQ:STRS) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $3.79 million for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same quarter in the prior year, the firm earned ($0.36) EPS.

Stratus Properties Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, July 20th. Shareholders 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.

Insiders Place Their Bets

In other news, Director James Joseph sold 3,380 shares of Stratus Properties stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $27.77, for a total transaction of $93,862.60. Following the transaction, the director owned 2,286 shares in the company, valued at approximately $63,482.22. The trade was a 59.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Oasis Management Co Ltd. sold 28,720 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $27.51, for a total value of $790,087.20. Following the transaction, the insider directly owned 784,797 shares in the company, valued at $21,589,765.47. The trade was a 3.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 235,348 shares of company stock valued at $6,651,763 in the last 90 days. Corporate insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of 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 purchasing an additional 580 shares during the period. Tower Research Capital LLC TRC lifted its position in 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 worth $46,000 after buying an additional 1,904 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Stratus Properties during the 4th quarter valued at $93,000. JPMorgan Chase & Co. grew its holdings in shares of 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 acquiring an additional 1,985 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Stratus Properties by 46.2% in 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 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.