Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $297,100.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $29.71, for a total transaction of $297,100.00. Following the transaction, the insider owned 981,849 shares of the company’s stock, valued at approximately $29,170,733.79. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 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 transaction of $147,627.48.
• On Monday, April 27th, Oasis Management Co Ltd. sold 20,000 shares of Stratus Properties stock. The shares were 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 shares were 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 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 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 shares were 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 transaction of $94,691.84.
• On Tuesday, April 7th, Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock. The stock was sold at an average price of $30.17, for a total transaction of $283,598.00.

Stratus Properties Trading Up 0.8%

Stratus Properties stock traded up $0.24 during midday trading on Wednesday, hitting $29.92. 7,022 shares of the stock were exchanged, compared to its average volume of 16,574. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $238.76 million, a price-to-earnings ratio of 20.49 and a beta of 1.06. The stock’s 50-day simple moving average is $30.37 and its 200 day simple moving average is $26.14. Stratus Properties Inc. has a fifty-two week low of $15.35 and a fifty-two week high of $32.93.

Stratus Properties (NASDAQ:STRS) last announced its earnings results on Friday, March 27th. The financial services provider reported $2.41 earnings per share for the quarter. The company 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%.

Analysts Set New Price Targets

A number of research firms have weighed in on STRS. Wall Street Zen cut shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Stratus Properties presently has a consensus rating of “Hold”.

Institutional Trading of Stratus Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in 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 acquiring an additional 15,896 shares in the last quarter. Hodges Capital Management Inc. increased its position in Stratus Properties by 9.3% in 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 during the period. Nuveen LLC acquired a new position in shares of Stratus Properties during the fourth quarter valued at $206,000. Vanguard Group Inc. increased its holdings in shares of Stratus Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 7,994 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in Stratus Properties by 12.4% during the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock worth $1,430,000 after acquiring an additional 6,512 shares during the period. 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.