Stratus Properties (NASDAQ:STRS) Share Price Crosses Above 50-Day Moving Average of $20.89

Stratus Properties Inc. (NASDAQ:STRS – Get Rating) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.89 and traded as high as $22.49. Stratus Properties shares last traded at $21.57, with a volume of 10,804 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Stratus Properties in a research note on Thursday, May 18th. They issued a “sell” rating on the stock.

Stratus Properties Stock Up 0.7 %

The firm has a 50 day moving average price of $20.89 and a 200-day moving average price of $21.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.90 and a current ratio of 2.90.

Institutional Trading of Stratus Properties

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Stratus Properties by 1.1% during the 1st quarter. BlackRock Inc. now owns 40,368 shares of the financial services provider’s stock worth $1,738,000 after acquiring an additional 444 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Stratus Properties by 7.4% during the 2nd quarter. Captrust Financial Advisors now owns 7,246 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 500 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Stratus Properties by 200.0% during the 1st quarter. Bank of America Corp DE now owns 873 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 582 shares during the last quarter. UBS Group AG lifted its position in shares of Stratus Properties by 342.5% during the 1st quarter. UBS Group AG now owns 1,000 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 774 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Stratus Properties during the 2nd quarter worth about $32,000. Institutional investors own 48.94% of the company’s stock.

About Stratus Properties

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Stratus Properties, Inc engages in the acquisition, development, and management of real estate assets. It operates through the following segments: Hotel, Entertainment, Real Estate Operations, and Leasing Operations. The Hotel segment manages W Austin Hotel and Residences. The Entertainment segment includes production studios and venues for live music, concerts, and private events.