Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 10,000 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $29.05, for a total transaction of $290,500.00. Following the completion of the transaction, the insider owned 971,129 shares of the company’s stock, valued at $28,211,297.45. This trade represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, May 7th, Oasis Management Co Ltd. sold 720 shares of Stratus Properties stock. The stock was sold at an average price of $30.03, for a total transaction of $21,621.60.
• On Monday, May 4th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was 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 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 shares were sold at an average price of $30.07, for a total value 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 value of $310,362.90.

Stratus Properties Stock Performance

Shares of Stratus Properties stock opened at $29.00 on Thursday. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $231.42 million, a P/E ratio of 10.98 and a beta of 1.06. The business has a fifty day simple moving average of $29.89 and a two-hundred day simple moving average of $27.28. Stratus Properties Inc. has a 12 month low of $15.35 and a 12 month high of $32.93.

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

Institutional Trading of Stratus Properties

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Stratus Properties by 1.9% during the 3rd 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 last quarter. Geode Capital Management LLC boosted its stake in Stratus Properties by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 1,393 shares during the last quarter. Hodges Capital Management Inc. grew its position in Stratus Properties by 9.3% in the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock worth $3,863,000 after purchasing an additional 13,600 shares during the period. State Street Corp grew its position in Stratus Properties by 2.9% in the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 2,446 shares during the period. Finally, Tectonic Advisors LLC grew its position in Stratus Properties by 12.4% in the 4th quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock worth $1,430,000 after purchasing an additional 6,512 shares during the period. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings raised Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Stratus Properties currently 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.