Stratus Properties (NASDAQ:STRS) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Stratus Properties Inc. (NASDAQ:STRS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.16 and traded as low as $18.76. Stratus Properties shares last traded at $18.76, with a volume of 14,524 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings downgraded Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Wall Street Zen cut 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 Sell rating, According to data from MarketBeat.com, Stratus Properties presently has an average rating of “Sell”.

Stratus Properties Stock Performance

The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $22.18 and its two-hundred day moving average is $27.10. The firm has a market capitalization of $150.68 million, a price-to-earnings ratio of 7.15 and a beta of 1.02.

Stratus Properties Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 13th were issued a $5.00 dividend. The ex-dividend date of this dividend was Monday, July 13th.

Insider Activity

In other Stratus Properties news, 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 sale, the director owned 2,286 shares in the company, valued at $63,482.22. This represents a 59.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Oasis Management Co Ltd. sold 28,720 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 189,712 shares of company stock valued at $5,294,914 over the last quarter. 10.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stratus Properties

A number of large investors have recently added to or reduced their stakes in STRS. Geode Capital Management LLC boosted its position in Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after purchasing an additional 15,896 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Stratus Properties by 348.1% during 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 during the last quarter. JPMorgan Chase & Co. lifted its stake 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 worth $179,000 after buying an additional 1,985 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Stratus Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after buying an additional 7,994 shares during the period. Finally, BNP Paribas Financial Markets boosted 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 worth $27,000 after buying an additional 580 shares during the period. 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.