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

Shares of Stratus Properties Inc. (NASDAQ:STRS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

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

Stratus Properties Stock Down 2.0 %

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

Institutional Investors Weigh In On Stratus Properties

A number of institutional investors and hedge funds have recently modified their holdings of STRS. Tectonic Advisors LLC raised its position in shares of Stratus Properties by 4.7% during the third quarter. Tectonic Advisors LLC now owns 40,973 shares of the financial services provider’s stock worth $1,065,000 after purchasing an additional 1,852 shares during the period. Ingalls & Snyder LLC raised its position in shares of Stratus Properties by 0.3% during the third quarter. Ingalls & Snyder LLC now owns 953,790 shares of the financial services provider’s stock worth $24,789,000 after purchasing an additional 2,516 shares during the period. Hodges Capital Management Inc. raised its position in shares of Stratus Properties by 1.8% during the third quarter. Hodges Capital Management Inc. now owns 177,470 shares of the financial services provider’s stock worth $4,612,000 after purchasing an additional 3,195 shares during the period. Barclays PLC raised its position in shares of Stratus Properties by 281.2% during the third quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 5,411 shares during the period. Finally, Geode Capital Management LLC raised its position in Stratus Properties by 3.8% during the third quarter. Geode Capital Management LLC now owns 139,648 shares of the financial services provider’s stock valued at $3,630,000 after buying an additional 5,081 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

About Stratus Properties

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.