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

Stratus Properties Inc. (NASDAQ:STRS)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Ratings Changes

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

Stratus Properties Trading Down 6.1 %

The firm’s fifty day moving average price is $25.06 and its 200-day moving average price is $24.78. The company has a market cap of $178.91 million, a price-to-earnings ratio of -37.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.90 and a quick ratio of 0.90.

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

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in 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 acquiring an additional 997 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Stratus Properties by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,862 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 525 shares during the period. Vanguard Group Inc. raised its stake in shares of Stratus Properties by 0.3% during the first quarter. Vanguard Group Inc. now owns 408,565 shares of the financial services provider’s stock valued at $9,328,000 after purchasing an additional 1,155 shares in the last quarter. Chilton Capital Management LLC lifted 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 during the period. Finally, Tectonic Advisors LLC lifted its stake in shares of Stratus Properties by 1.5% in the 1st quarter. Tectonic Advisors LLC now owns 36,726 shares of the financial services provider’s stock worth $838,000 after acquiring an additional 528 shares during the period. 61.63% of the stock is owned by institutional investors.

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.