Stratus Properties (NASDAQ:STRS) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Stratus Properties Inc. (NASDAQ:STRS)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.24 and traded as low as $18.22. Stratus Properties shares last traded at $18.92, with a volume of 7,255 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Stratus Properties from a “sell” rating to a “hold” rating in a research note on Sunday, December 22nd.

Stratus Properties Stock Down 2.0 %

The business has a 50 day simple moving average of $20.06 and a 200 day simple moving average of $23.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $153.06 million, a PE ratio of 135.14 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of STRS. Tectonic Advisors LLC grew its stake in Stratus Properties by 4.7% in the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock valued at $1,065,000 after purchasing an additional 1,852 shares in the last quarter. Ingalls & Snyder LLC grew its stake in Stratus Properties by 0.3% in the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock valued at $24,789,000 after purchasing an additional 2,516 shares in the last quarter. Hodges Capital Management Inc. grew its stake in Stratus Properties by 1.8% in the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock valued at $4,612,000 after purchasing an additional 3,195 shares in the last quarter. Barclays PLC boosted its stake in shares of Stratus Properties by 281.2% during the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 5,411 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Stratus Properties by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock worth $3,630,000 after acquiring an additional 5,081 shares in the last quarter. Hedge funds and other institutional investors 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.