Stratus Properties (NASDAQ:STRS) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Stratus Properties Inc. (NASDAQ:STRS)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.64 and traded as low as $17.89. Stratus Properties shares last traded at $18.07, with a volume of 8,727 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Stratus Properties in a report on Saturday. They issued a “sell” rating for the company.

Stratus Properties Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day simple moving average of $19.13 and a two-hundred day simple moving average of $22.58. The firm has a market capitalization of $146.11 million, a PE ratio of 129.07 and a beta of 1.21.

Institutional Trading of Stratus Properties

A number of hedge funds have recently added to or reduced their stakes in STRS. Hodges Capital Management Inc. raised its holdings in shares of Stratus Properties by 46.1% in the 4th quarter. Hodges Capital Management Inc. now owns 259,365 shares of the financial services provider’s stock valued at $5,384,000 after purchasing an additional 81,895 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in Stratus Properties during the fourth quarter worth $390,000. JPMorgan Chase & Co. boosted its position in Stratus Properties by 113.1% during the 4th quarter. JPMorgan Chase & Co. now owns 20,460 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 10,857 shares in the last quarter. Barclays PLC increased its holdings in shares of Stratus Properties by 281.2% in the 3rd quarter. Barclays PLC now owns 7,335 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 5,411 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Stratus Properties by 3.8% in 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. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.