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

Stratus Properties Inc. (NASDAQ:STRS) shares passed 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 traded.

Analyst Ratings Changes

Separately, StockNews.com cut Stratus Properties from a “hold” rating to a “sell” rating in a report on Wednesday.

Stratus Properties Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day moving average of $19.54 and a 200-day moving average of $23.01. The company has a market capitalization of $149.43 million, a P/E ratio of 132.00 and a beta of 1.17.

Hedge Funds Weigh In On Stratus Properties

Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in 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 valued at $105,000 after acquiring an additional 713 shares in the last quarter. Northern Trust Corp lifted its stake in Stratus Properties by 1.5% during the 4th quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 758 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $209,000 after acquiring an additional 772 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 valued at $33,000 after acquiring an additional 946 shares in the last quarter. Finally, Barclays PLC lifted its stake in Stratus Properties by 14.7% during the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 1,081 shares in the last quarter. 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.