Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 117,612 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 117,612 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $28.03, for a total transaction of $3,296,664.36. Following the completion of the transaction, the insider directly owned 843,517 shares in the company, valued at $23,643,781.51. This trade represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, May 26th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $29.05, for a total value of $290,500.00.
• On Thursday, May 7th, Oasis Management Co Ltd. sold 720 shares of Stratus Properties stock. The shares were sold at an average price of $30.03, for a total value of $21,621.60.
• 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 value 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 value 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 value 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 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 value of $298,900.00.
• On Monday, April 20th, Oasis Management Co Ltd. sold 4,483 shares of Stratus Properties stock. The shares were sold at an average price of $30.02, for a total value 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 value 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 value of $895,725.16.

Stratus Properties Price Performance

Shares of STRS opened at $27.59 on Friday. The firm has a market cap of $220.17 million, a PE ratio of 10.45 and a beta of 1.03. The firm’s 50 day moving average price is $29.06 and its 200 day moving average price is $28.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. Stratus Properties Inc. has a twelve month low of $15.35 and a twelve month high of $32.93.

Stratus Properties (NASDAQ:STRS) last posted its earnings results on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. The company had revenue of $3.79 million during the quarter. During the same period in the prior year, the firm earned ($0.36) earnings per share.

Stratus Properties Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 13th will be issued a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake 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 purchasing an additional 15,896 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Stratus Properties by 9.3% during the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock worth $3,863,000 after buying an additional 13,600 shares in the last quarter. Rangeley Capital LLC bought a new stake in Stratus Properties in the 1st quarter valued at $383,000. Nuveen LLC bought a new stake in Stratus Properties in the 4th quarter valued at $206,000. Finally, 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. Institutional investors and hedge funds own 61.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STRS. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note 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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, 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.