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

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $27.51, for a total transaction of $825,300.00. Following the completion of the transaction, the insider owned 813,517 shares of the company’s stock, valued at approximately $22,379,852.67. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 value of $790,087.20.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was sold at an average price of $28.90, for a total value 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 value 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 value of $290,500.00.
• On Thursday, May 7th, Oasis Management Co Ltd. sold 720 shares of Stratus Properties stock. The shares were sold at an average price of $30.03, for a total value of $21,621.60.
• 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 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 shares were 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 shares were sold at an average price of $29.89, for a total transaction of $298,900.00.

Stratus Properties Stock Performance

Stratus Properties stock traded down $0.41 during midday trading on Thursday, reaching $27.00. 248,760 shares of the company traded hands, compared to its average volume of 44,679. The firm has a market capitalization of $215.46 million, a price-to-earnings ratio of 10.23 and a beta of 1.03. The business has a 50 day moving average of $28.81 and a two-hundred day moving average of $28.79. Stratus Properties Inc. has a 12 month low of $15.35 and a 12 month high of $32.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.70 and a quick ratio of 3.70.

Stratus Properties (NASDAQ:STRS) last posted its earnings results on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. The business had revenue of $3.79 million during the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period last year, the firm posted ($0.36) EPS.

Stratus Properties Dividend Announcement

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 of this dividend is Monday, July 13th.

Institutional Investors Weigh In On Stratus Properties

Several hedge funds and other institutional investors have recently modified their holdings of STRS. Vanguard Group Inc. lifted its position 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 acquiring an additional 7,994 shares in the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 1,393 shares in the last quarter. Hodges Capital Management Inc. raised 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 period. State Street Corp raised 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 period. Finally, Tectonic Advisors LLC lifted its holdings in Stratus Properties by 12.4% in the 4th 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 in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Stratus Properties currently 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.