Stratus Properties (NASDAQ:STRS) Share Price Crosses Below 200 Day Moving Average of $24.71

Stratus Properties Inc. (NASDAQ:STRS)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.71 and traded as low as $23.35. Stratus Properties shares last traded at $23.35, with a volume of 5,231 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STRS shares. TheStreet lowered shares of Stratus Properties from a “c-” rating to a “d+” rating in a research note on Wednesday, January 31st. StockNews.com raised Stratus Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

Stratus Properties Trading Down 2.9 %

The stock has a market cap of $188.43 million, a PE ratio of -12.55 and a beta of 1.09. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $22.50 and its 200 day moving average price is $24.71.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings results on Thursday, March 28th. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter. Stratus Properties had a negative net margin of 85.74% and a negative return on equity of 4.96%. The company had revenue of $4.27 million for the quarter.

Institutional Investors Weigh In On Stratus Properties

A number of large investors have recently made changes to their positions in STRS. Chilton Capital Management LLC grew its position in Stratus Properties by 2.7% during the first quarter. Chilton Capital Management LLC now owns 76,247 shares of the financial services provider’s stock valued at $1,741,000 after buying an additional 2,000 shares during the period. First Dallas Securities Inc. bought a new stake in shares of Stratus Properties during the 3rd quarter valued at $1,096,000. Tectonic Advisors LLC grew its position in shares of Stratus Properties by 1.5% during the 1st quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider’s stock valued at $838,000 after acquiring an additional 528 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of Stratus Properties in the 4th quarter worth $577,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in Stratus Properties in the 3rd quarter worth $261,000. 61.63% of the stock is currently owned by institutional investors.

About Stratus Properties

Stratus Properties Inc, a real estate company, engages in the entitlement, development, management, leasing, and sale of multi and single family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. The company operates in two segments, Real Estate Operations and Leasing Operations.