Stratus Properties (NASDAQ:STRS) Shares Pass Below 200-Day Moving Average of $26.78

Shares of Stratus Properties Inc. (NASDAQ:STRS – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.78 and traded as low as $21.23. Stratus Properties shares last traded at $21.65, with a volume of 4,008 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on STRS shares. StockNews.com upgraded shares of Stratus Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. TheStreet upgraded shares of Stratus Properties from a “d+” rating to a “c” rating in a research note on Wednesday, November 30th.

Stratus Properties Stock Performance

The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $21.75 and its 200-day simple moving average is $26.78.

Stratus Properties (NASDAQ:STRS – Get Rating) last posted its earnings results on Monday, November 14th. The financial services provider reported ($0.29) earnings per share (EPS) for the quarter. Stratus Properties had a return on equity of 21.52% and a net margin of 544.88%. The firm had revenue of $9.98 million during the quarter.

Insiders Place Their Bets

In other Stratus Properties news, Director James Leslie sold 24,029 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $30.50, for a total value of $732,884.50. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $610,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors have recently made changes to their positions in STRS. Legal & General Group Plc bought a new position in shares of Stratus Properties in the 2nd quarter worth $32,000. Dorsey Wright & Associates bought a new position in shares of Stratus Properties in the 2nd quarter worth $34,000. Bank of America Corp DE increased its holdings in shares of Stratus Properties by 200.0% in the 1st quarter. Bank of America Corp DE now owns 873 shares of the financial services provider’s stock worth $38,000 after buying an additional 582 shares during the last quarter. UBS Group AG increased its holdings in shares of Stratus Properties by 342.5% in the 1st quarter. UBS Group AG now owns 1,000 shares of the financial services provider’s stock worth $43,000 after buying an additional 774 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Stratus Properties in the 2nd quarter worth $45,000. Institutional investors own 48.94% of the company’s stock.

About Stratus Properties

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Stratus Properties, Inc engages in the acquisition, development, and management of real estate assets. It operates through the following segments: Hotel, Entertainment, Real Estate Operations, and Leasing Operations. The Hotel segment manages W Austin Hotel and Residences. The Entertainment segment includes production studios and venues for live music, concerts, and private events.