Stratus Properties (NASDAQ:STRS) Stock Crosses Below 200-Day Moving Average of $26.57

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 $26.57 and traded as low as $26.15. Stratus Properties shares last traded at $26.15, with a volume of 50 shares trading hands.

Several research firms recently issued reports on STRS. ValuEngine upgraded Stratus Properties from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. TheStreet upgraded Stratus Properties from a “d+” rating to a “c-” rating in a report on Friday, May 24th. Finally, BidaskClub upgraded Stratus Properties from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.51. The company has a fifty day moving average of $27.72 and a 200-day moving average of $26.57.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Stratus Properties during the 1st quarter worth $273,000. Northern Trust Corp grew its stake in Stratus Properties by 1.8% during the 4th quarter. Northern Trust Corp now owns 65,284 shares of the financial services provider’s stock worth $1,565,000 after purchasing an additional 1,154 shares in the last quarter. BlackRock Inc. grew its stake in Stratus Properties by 3.2% during the 4th quarter. BlackRock Inc. now owns 285,811 shares of the financial services provider’s stock worth $6,855,000 after purchasing an additional 8,736 shares in the last quarter. Rhumbline Advisers acquired a new position in Stratus Properties during the 1st quarter worth $218,000. Finally, Geode Capital Management LLC grew its stake in Stratus Properties by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 51,113 shares of the financial services provider’s stock worth $1,225,000 after purchasing an additional 2,969 shares in the last quarter. 56.06% of the stock is owned by hedge funds and other 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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