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 Stratus Properties stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $30.03, for a total value of $21,621.60. Following the completion of the transaction, the insider directly owned 981,129 shares of the company’s stock, valued at approximately $29,463,303.87. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% 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 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 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 stock was 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 stock was 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 stock was 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.
• 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 value of $310,362.90.
• On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The stock was sold at an average price of $30.08, for a total value of $94,691.84.

Stratus Properties Stock Performance

STRS stock opened at $29.64 on Wednesday. The stock has a 50-day moving average price of $30.33 and a 200-day moving average price of $26.50. Stratus Properties Inc. has a 1-year low of $15.35 and a 1-year high of $32.93. 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 firm has a market cap of $236.53 million, a PE ratio of 20.30 and a beta of 1.06.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.The firm had revenue of $3.79 million during the quarter. During the same period last year, the business posted ($0.36) earnings per share.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. 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. boosted its stake in Stratus Properties by 9.3% during the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock valued at $3,863,000 after purchasing an additional 13,600 shares during the last quarter. State Street Corp boosted its stake in Stratus Properties by 2.9% during the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 2,446 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Stratus Properties by 12.4% during the 4th quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock valued at $1,430,000 after purchasing an additional 6,512 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

About Stratus Properties

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.