Stratus Properties (NASDAQ:STRS) Shares Cross Below 200 Day Moving Average – What’s Next?

Stratus Properties Inc. (NASDAQ:STRS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $28.69 and traded as low as $20.21. Stratus Properties shares last traded at $20.67, with a volume of 104,426 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on STRS shares. Wall Street Zen downgraded shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Stratus Properties in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Stratus Properties has a consensus rating of “Hold”.

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 firm has a 50-day moving average of $27.99 and a 200 day moving average of $28.69. The stock has a market capitalization of $164.95 million, a P/E ratio of 7.83 and a beta of 1.03.

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

Stratus Properties Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 13th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, July 13th.

Insider Transactions at Stratus Properties

In other Stratus Properties news, Director James Joseph sold 3,380 shares of Stratus Properties stock in a transaction that occurred 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 sale, the director directly owned 2,286 shares of the company’s stock, valued at approximately $63,482.22. The trade was a 59.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties 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 sale, the insider directly owned 784,797 shares in the company, valued at $21,589,765.47. The trade was a 3.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 250,324 shares of company stock worth $7,100,127. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds have recently modified their holdings of STRS. Vanguard Group Inc. lifted its position 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. Geode Capital Management LLC grew its holdings in shares of Stratus Properties by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock worth $3,872,000 after purchasing an additional 1,393 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of Stratus Properties by 9.3% during the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock worth $3,863,000 after purchasing an additional 13,600 shares in the last quarter. State Street Corp increased its position in shares of Stratus Properties by 2.9% during the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in Stratus Properties by 12.4% in the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 6,512 shares in the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

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.