Stratus Properties (NASDAQ:STRS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Stratus Properties Inc. (NASDAQ:STRS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.04 and traded as low as $18.30. Stratus Properties shares last traded at $18.48, with a volume of 4,411 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Stratus Properties from a “hold” rating to a “sell” rating in a research report on Wednesday.

Stratus Properties Price Performance

The firm has a market cap of $149.43 million, a price-to-earnings ratio of 132.00 and a beta of 1.17. The business’s 50-day simple moving average is $19.54 and its two-hundred day simple moving average is $23.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60.

Institutional Trading of Stratus Properties

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of Stratus Properties by 150.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider’s stock worth $33,000 after buying an additional 946 shares during the period. Wells Fargo & Company MN grew its position in shares of Stratus Properties by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider’s stock worth $105,000 after buying an additional 713 shares during the period. Barclays PLC grew its position in shares of Stratus Properties by 281.2% during the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after buying an additional 5,411 shares during the period. JPMorgan Chase & Co. grew its position in shares of Stratus Properties by 124.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 5,323 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Stratus Properties by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider’s stock worth $209,000 after buying an additional 772 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.