Stratus Properties (NASDAQ:STRS) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Stratus Properties Inc. (NASDAQ:STRS)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.88 and traded as high as $19.62. Stratus Properties shares last traded at $19.39, with a volume of 4,477 shares.

Analyst Ratings Changes

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

Stratus Properties Stock Down 4.0 %

The company has a market capitalization of $156.54 million, a PE ratio of 138.50 and a beta of 1.15. The company’s fifty day moving average is $17.88 and its 200-day moving average is $20.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings data on Friday, March 28th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $10.30 million during the quarter. Stratus Properties had a return on equity of 0.54% and a net margin of 3.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of Stratus Properties by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,073 shares of the financial services provider’s stock worth $105,000 after buying an additional 713 shares in the last quarter. Northern Trust Corp increased its holdings in Stratus Properties by 1.5% in the 4th quarter. Northern Trust Corp now owns 50,993 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 758 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Stratus Properties by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,061 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 772 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Stratus Properties by 150.4% in 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 in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Stratus Properties by 14.7% during the 4th quarter. Barclays PLC now owns 8,416 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 1,081 shares during the last quarter. 61.63% of the stock is currently owned by 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.