Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 10,243 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 10,243 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $30.30, for a total value of $310,362.90. Following the transaction, the insider directly owned 1,105,852 shares in the company, valued at approximately $33,507,315.60. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 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 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.
• 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 value of $283,598.00.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The stock was sold at an average price of $30.11, for a total value of $163,105.87.

Stratus Properties Stock Performance

Shares of NASDAQ:STRS traded down $0.11 during trading on Friday, reaching $29.90. 70,735 shares of the stock were exchanged, compared to its average volume of 14,488. Stratus Properties Inc. has a 12 month low of $15.10 and a 12 month high of $32.93. The firm has a market cap of $238.60 million, a PE ratio of 20.48 and a beta of 1.20. The stock has a 50-day moving average price of $30.23 and a 200-day moving average price of $25.31. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.41.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings data 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 during the quarter.

Institutional Investors Weigh In On Stratus Properties

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Stratus Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after buying an additional 7,994 shares during the period. Geode Capital Management LLC boosted its stake in shares of Stratus Properties by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock valued at $3,872,000 after buying an additional 1,393 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of 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 valued at $3,863,000 after buying an additional 13,600 shares during the period. State Street Corp boosted its stake 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 buying an additional 2,446 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in shares of Stratus Properties by 12.4% in the fourth quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 6,512 shares during the period. 61.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STRS has been the subject of a number of research analyst reports. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. Wall Street Zen cut Stratus Properties from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.