Stratus Properties (NASDAQ:STRS) Stock Price Crosses Above 50 Day Moving Average of $30.13

Stratus Properties Inc (NASDAQ:STRS) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $30.13 and traded as high as $30.55. Stratus Properties shares last traded at $30.55, with a volume of 135 shares trading hands.

Several research firms recently issued reports on STRS. ValuEngine cut shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. BidaskClub raised shares of Stratus Properties from a “strong sell” rating to a “sell” rating in a report on Friday.

The stock has a market capitalization of $250.43 million, a price-to-earnings ratio of -75.29 and a beta of 0.37. The firm’s fifty day moving average is $30.27 and its 200-day moving average is $28.33. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.82 and a quick ratio of 1.82.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $22.26 million during the quarter. Stratus Properties had a negative net margin of 3.57% and a negative return on equity of 2.37%.

In other Stratus Properties news, major shareholder Oasis Management Co Ltd. sold 2,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $30.10, for a total transaction of $60,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.47% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the business. Bartlett & Co. LLC acquired a new stake in shares of Stratus Properties during the third quarter worth $103,000. California Public Employees Retirement System raised its holdings in shares of Stratus Properties by 5.8% during the third quarter. California Public Employees Retirement System now owns 18,199 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 1,000 shares during the period. Rhumbline Advisers raised its holdings in shares of Stratus Properties by 9.8% during the third quarter. Rhumbline Advisers now owns 9,164 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 816 shares during the period. Vanguard Group Inc. raised its holdings in shares of Stratus Properties by 0.9% during the second quarter. Vanguard Group Inc. now owns 274,160 shares of the financial services provider’s stock worth $8,891,000 after purchasing an additional 2,346 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Stratus Properties by 4.4% during the second quarter. Northern Trust Corp now owns 69,959 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 2,969 shares during the period. 55.49% of the stock is currently owned by institutional investors.

About Stratus Properties (NASDAQ:STRS)

Stratus Properties Inc, a real estate company, engages in the acquisition, entitlement, development, management, operation, and sale of commercial, hotel, entertainment, and multi-and single-family residential real estate properties primarily in Austin, Texas. The company operates through four segments: Real Estate Operations, Leasing Operations, Hotel, and Entertainment.

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