Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 30,000 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $27.51, for a total value of $825,300.00. Following the completion of the transaction, the insider owned 813,517 shares in the company, valued at $22,379,852.67. This represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Wednesday, July 8th, Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties stock. The stock was sold at an average price of $27.51, for a total transaction of $790,087.20.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $28.90, for a total transaction of $289,000.00.
• On Thursday, July 2nd, Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock. The shares were sold at an average price of $28.03, for a total transaction of $3,296,664.36.
• 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 transaction of $290,500.00.
• 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 shares were 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 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 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 value of $298,900.00.

Stratus Properties Price Performance

STRS opened at $27.00 on Friday. The stock has a fifty day moving average price of $28.81 and a 200 day moving average price of $28.79. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a 1 year low of $15.35 and a 1 year high of $32.93. The stock has a market cap of $215.46 million, a price-to-earnings ratio of 10.23 and a beta of 1.03.

Stratus Properties (NASDAQ:STRS) last issued its earnings results 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 6.28% and a net margin of 74.96%.The company had revenue of $3.79 million for the quarter. During the same period in the previous year, the company earned ($0.36) earnings per share.

Stratus Properties Announces Dividend

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

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rangeley Capital LLC acquired a new stake in Stratus Properties in the 1st quarter worth approximately $383,000. Barclays PLC raised its position in shares of Stratus Properties by 10.6% in the fourth quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 1,001 shares during the period. State Street Corp raised its position in shares of Stratus Properties by 2.9% in the fourth 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 period. Wells Fargo & Company MN raised its position in shares of Stratus Properties by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,367 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in shares of Stratus Properties in the fourth quarter worth $93,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRS has been the subject of a number of analyst reports. Wall Street Zen cut shares of Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Stratus Properties in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.