Stratus Properties (NASDAQ:STRS) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Stratus Properties Inc. (NASDAQ:STRSGet Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $28.69 and traded as low as $20.21. Stratus Properties shares last traded at $20.67, with a volume of 104,426 shares.

Analyst Ratings Changes

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

Read Our Latest Stock Report on Stratus Properties

Stratus Properties Stock Performance

The company has a market capitalization of $165.35 million, a P/E ratio of 7.85 and a beta of 1.03. The business has a 50-day moving average of $27.80 and a 200-day moving average of $28.63. 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:STRSGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share 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 last year, the firm earned ($0.36) EPS.

Stratus Properties Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 13th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, July 13th.

Insider Activity

In other news, major shareholder Oasis Management Co Ltd. sold 117,612 shares of the company’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 transaction, the insider owned 843,517 shares of the company’s stock, valued at approximately $23,643,781.51. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 250,324 shares of company stock worth $7,100,127 in the last ninety days. 10.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Stratus Properties

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after acquiring an additional 15,896 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Stratus Properties by 348.1% in 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 period. JPMorgan Chase & Co. lifted its position in shares of Stratus Properties by 30.6% during the third 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 during the last quarter. Vanguard Group Inc. lifted its position in shares of Stratus Properties by 1.9% during the third 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 during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 valued at $27,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stratus Properties Company Profile

(Get Free Report)

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.

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