Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 20,000 Shares of Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 20,000 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the insider owned 996,765 shares of the company’s stock, valued at $29,902,950. This trade represents a 1.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• On Tuesday, April 28th, Oasis Management Co Ltd. sold 4,916 shares of Stratus Properties stock. The shares were sold at an average price of $30.03, for a total value of $147,627.48.
• On Wednesday, April 22nd, Oasis Management Co Ltd. sold 493 shares of Stratus Properties stock. The shares were sold at an average price of $30.19, for a total value of $14,883.67.
• On Friday, April 24th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $29.89, for a total transaction of $298,900.00.
• On Monday, April 20th, Oasis Management Co Ltd. sold 4,483 shares of Stratus Properties stock. The stock was sold at an average price of $30.02, for a total transaction of $134,579.66.
• On Friday, April 17th, Oasis Management Co Ltd. sold 44,323 shares of Stratus Properties stock. The shares were sold at an average price of $29.98, for a total transaction of $1,328,803.54.
• On Thursday, April 16th, Oasis Management Co Ltd. sold 29,788 shares of Stratus Properties stock. The shares were sold at an average price of $30.07, for a total transaction of $895,725.16.
• On Wednesday, April 15th, Oasis Management Co Ltd. sold 10,243 shares of Stratus Properties stock. The stock was sold at an average price of $30.30, for a total transaction of $310,362.90.
• On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The stock was sold at an average price of $30.08, for a total transaction of $94,691.84.
• On Tuesday, April 7th, Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock. The shares were sold at an average price of $30.17, for a total transaction of $283,598.00.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The shares were sold at an average price of $30.11, for a total transaction of $163,105.87.

Stratus Properties Price Performance

Shares of NASDAQ:STRS opened at $30.24 on Thursday. Stratus Properties Inc. has a 12 month low of $15.10 and a 12 month high of $32.93. The stock has a market cap of $241.32 million, a price-to-earnings ratio of 20.71 and a beta of 1.20. The stock’s 50 day moving average price is $30.33 and its 200 day moving average price is $25.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.99.

Stratus Properties (NASDAQ:STRS) last released its earnings results on Friday, March 27th. The financial services provider reported $2.41 earnings per share for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.The firm had revenue of $8.30 million during the quarter.

Wall Street Analyst Weigh In

STRS has been the topic of a number of research analyst reports. Wall Street Zen raised Stratus Properties from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STRS. Geode Capital Management LLC increased its holdings in shares of Stratus Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 15,896 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Stratus Properties by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,904 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Stratus Properties by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,985 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after acquiring an additional 7,994 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its holdings in shares of Stratus Properties by 0.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock worth $3,093,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stratus Properties Company Profile

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net‐lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.