Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $147,627.48 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 4,916 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $30.03, for a total value of $147,627.48. Following the transaction, the insider owned 991,849 shares in the company, valued at approximately $29,785,225.47. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, 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 value 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 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 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.
• 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.
• 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 value 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 value of $163,105.87.

Stratus Properties Price Performance

STRS opened at $30.28 on Friday. The business’s 50-day moving average is $30.36 and its two-hundred day moving average is $25.98. Stratus Properties Inc. has a 1 year low of $15.10 and a 1 year high of $32.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.99. The firm has a market capitalization of $241.63 million, a PE ratio of 20.74 and a beta of 1.06.

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

Institutional Investors Weigh In On Stratus Properties

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake 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 worth $9,107,000 after acquiring an additional 7,994 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Stratus Properties by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock worth $3,872,000 after acquiring an additional 1,393 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of 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 acquiring an additional 13,600 shares during the last quarter. State Street Corp grew its stake in shares of Stratus Properties by 2.9% during the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 2,446 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Analysts Set New Price Targets

STRS has been the topic of several analyst reports. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Stratus Properties has a consensus 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.