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

Shares of Stratus Properties Inc. (NASDAQ:STRS) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.78 and traded as low as $22.08. Stratus Properties shares last traded at $22.15, with a volume of 10,590 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Stratus Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.

Stratus Properties Trading Up 2.3 %

The company has a market cap of $183.27 million, a P/E ratio of -37.58 and a beta of 1.10. The firm’s 50 day moving average is $25.04 and its two-hundred day moving average is $24.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.60.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings results on Tuesday, August 13th. The financial services provider reported ($0.21) EPS for the quarter. Stratus Properties had a negative net margin of 2.05% and a negative return on equity of 0.30%. The company had revenue of $8.49 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STRS. BNP Paribas Financial Markets lifted its holdings in Stratus Properties by 75.4% in the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock valued at $65,000 after buying an additional 1,226 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Stratus Properties by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 525 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Stratus Properties by 6.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,888 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 997 shares in the last quarter. Tectonic Advisors LLC grew its stake in Stratus Properties by 1.5% during the first quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider’s stock worth $838,000 after purchasing an additional 528 shares during the period. Finally, Chilton Capital Management LLC increased its holdings in Stratus Properties by 2.7% in the first quarter. Chilton Capital Management LLC now owns 76,247 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stratus Properties Company Profile

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.