Stratus Properties (NASDAQ:STRS) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Stratus Properties Inc. (NASDAQ:STRS)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.25 and traded as low as $19.12. Stratus Properties shares last traded at $19.68, with a volume of 100,638 shares.

Wall Street Analysts Forecast Growth

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

Stratus Properties Stock Down 0.9%

The company has a market cap of $158.96 million, a price-to-earnings ratio of 7.55 and a beta of 1.02. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $25.54 and a two-hundred day moving average price of $28.21.

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

Stratus Properties Announces Dividend

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

Insiders Place Their Bets

In related news, Director James Joseph sold 3,380 shares of the 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 completion of the sale, the director directly owned 2,286 shares in the company, valued at approximately $63,482.22. This trade represents a 59.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties 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 sale, the insider directly owned 784,797 shares of the company’s stock, valued at approximately $21,589,765.47. The trade was a 3.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 200,432 shares of company stock valued at $5,607,036 in the last three months. Company insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of Stratus Properties by 84.7% during 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. Tower Research Capital LLC TRC increased its holdings 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 buying an additional 1,904 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Stratus Properties in the fourth quarter worth approximately $93,000. JPMorgan Chase & Co. raised its position in Stratus Properties by 30.6% during the third 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 raised its position in 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 valued at $181,000 after acquiring an additional 2,367 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.