Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 29,788 Shares of Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 29,788 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $30.07, for a total transaction of $895,725.16. Following the completion of the transaction, the insider owned 1,076,064 shares in the company, valued at $32,357,244.48. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 transaction 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 transaction 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 transaction 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 transaction of $163,105.87.

Stratus Properties Trading Down 0.4%

Shares of Stratus Properties stock opened at $29.90 on Friday. The company has a market capitalization of $238.60 million, a price-to-earnings ratio of 20.48 and a beta of 1.20. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a 12-month low of $15.10 and a 12-month high of $32.93. The firm’s 50-day moving average price is $30.23 and its two-hundred day moving average price is $25.37.

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

Institutional Investors Weigh In On Stratus Properties

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew 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 worth $9,107,000 after purchasing an additional 7,994 shares during the last quarter. Geode Capital Management LLC grew 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 worth $3,872,000 after purchasing an additional 1,393 shares during the last quarter. Hodges Capital Management Inc. grew 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 worth $3,863,000 after purchasing an additional 13,600 shares during the last quarter. State Street Corp grew 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 worth $2,131,000 after purchasing an additional 2,446 shares during the last quarter. Finally, Tectonic Advisors LLC grew 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 worth $1,430,000 after purchasing an additional 6,512 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STRS shares. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. Wall Street Zen downgraded shares of 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, Based on data from MarketBeat, Stratus Properties presently has an average 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.