Oasis Management Co Ltd. Sells 720 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 720 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $30.03, for a total transaction of $21,621.60. Following the transaction, the insider directly owned 981,129 shares in the company, valued at $29,463,303.87. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, May 4th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $29.71, for a total transaction of $297,100.00.
• On Tuesday, April 28th, Oasis Management Co Ltd. sold 4,916 shares of Stratus Properties stock. The stock was sold at an average price of $30.03, for a total transaction of $147,627.48.
• On Monday, April 27th, Oasis Management Co Ltd. sold 20,000 shares of Stratus Properties stock. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00.
• On Wednesday, April 22nd, Oasis Management Co Ltd. sold 493 shares of Stratus Properties stock. The stock was sold at an average price of $30.19, for a total transaction of $14,883.67.
• On Friday, April 24th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was 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 stock was 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 stock was 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 shares were sold at an average price of $30.08, for a total value of $94,691.84.

Stratus Properties Stock Performance

STRS stock traded down $0.27 during midday trading on Monday, hitting $29.56. 31,420 shares of the company traded hands, compared to its average volume of 17,792. The business has a 50 day simple moving average of $30.39 and a 200-day simple moving average of $26.29. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a twelve month low of $15.35 and a twelve month high of $32.93. The stock has a market capitalization of $235.89 million, a price-to-earnings ratio of 20.25 and a beta of 1.06.

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

Institutional Trading of Stratus Properties

A number of hedge funds have recently bought and sold shares of STRS. Geode Capital Management LLC boosted its holdings in Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 15,896 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,904 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,985 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $9,107,000 after buying an additional 7,994 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its stake 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 valued at $3,093,000 after buying an additional 700 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on STRS shares. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. Wall Street Zen downgraded shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.