Stratus Properties (NASDAQ:STRS) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Shares of Stratus Properties Inc. (NASDAQ:STRS) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $25.67 and traded as low as $18.10. Stratus Properties shares last traded at $18.16, with a volume of 3,329 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Stratus Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Stratus Properties presently has a consensus rating of “Sell”.

Stratus Properties Stock Up 1.4%

The firm has a market capitalization of $146.86 million, a PE ratio of 6.95 and a beta of 1.02. The business’s 50 day simple moving average is $19.16 and its 200 day simple moving average is $25.58. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 0.41.

Stratus Properties Dividend Announcement

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

Insider Buying and Selling at Stratus Properties

In other news, major shareholder Oasis Management Co Ltd. sold 28,720 shares of the firm’s stock in a transaction dated 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 owned 784,797 shares in the company, valued at approximately $21,589,765.47. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 186,332 shares of company stock valued at $5,201,052 over the last quarter. Corporate insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Stratus Properties

A hedge fund recently bought a new position in Stratus Properties stock. Rangeley Capital LLC bought a new stake in shares of Stratus Properties Inc. (NASDAQ:STRS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,546 shares of the financial services provider’s stock, valued at approximately $383,000. Rangeley Capital LLC owned about 0.16% of Stratus Properties as of its most recent SEC filing. Institutional investors own 61.63% of the company’s stock.

About Stratus Properties

Stratus Properties Inc is a real estate development company headquartered in Austin, Texas. The company focuses on the acquisition, development, redevelopment, ownership and management of residential, commercial and mixed-use properties.

Stratus has historically concentrated its activities in the Austin metropolitan area and other select Texas markets. Its portfolio and development activities have included master-planned communities, single-family and multifamily residential projects, office and retail properties, and mixed-use developments designed to combine residential, business, retail and hospitality uses.

The company’s projects have included the Barton Creek community and other developments in the Austin area.