Stratus Properties (NASDAQ:STRS) Stock Price Crosses Below 200-Day Moving Average of $24.71

Stratus Properties Inc. (NASDAQ:STRS)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.71 and traded as low as $23.35. Stratus Properties shares last traded at $23.35, with a volume of 5,231 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STRS. TheStreet lowered shares of Stratus Properties from a “c-” rating to a “d+” rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Stratus Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.

Stratus Properties Stock Performance

The stock has a market capitalization of $188.43 million, a price-to-earnings ratio of -12.55 and a beta of 1.09. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $22.50 and a 200-day moving average of $24.71.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings data on Thursday, March 28th. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $4.27 million during the quarter. Stratus Properties had a negative return on equity of 4.96% and a negative net margin of 85.74%.

Hedge Funds Weigh In On Stratus Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Stratus Properties by 75.4% during the first quarter. BNP Paribas Financial Markets now owns 2,853 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,226 shares in the last quarter. Roanoke Asset Management Corp NY purchased a new position in shares of Stratus Properties during the 4th quarter valued at approximately $202,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Stratus Properties in the 3rd quarter valued at $261,000. Pallas Capital Advisors LLC purchased a new stake in Stratus Properties during the fourth quarter worth $577,000. Finally, Tectonic Advisors LLC boosted its holdings 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 buying an additional 528 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.