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

Shares of Stratus Properties Inc. (NASDAQ:STRS) crossed 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 traded.

Analysts Set New Price Targets

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

Stratus Properties Trading Down 0.7 %

The firm has a market cap of $151.93 million, a P/E ratio of 134.14 and a beta of 1.17. The business’s 50-day moving average is $19.95 and its two-hundred day moving average is $23.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Cresset Asset Management LLC bought a new position in Stratus Properties in the fourth quarter valued at $390,000. Bank of America Corp DE increased its stake in shares of Stratus Properties by 8.2% during the 4th quarter. Bank of America Corp DE now owns 22,004 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 1,670 shares during the last quarter. Northern Trust Corp increased its stake in shares of Stratus Properties by 1.5% during the 4th quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 758 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Stratus Properties by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 772 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Stratus Properties by 150.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,575 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 946 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

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.