Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 10,000 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $28.90, for a total transaction of $289,000.00. Following the sale, the insider directly owned 961,129 shares of the company’s stock, valued at $27,776,628.10. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 Thursday, July 2nd, Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock. The stock was 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 value 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 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 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 shares were sold at an average price of $29.98, for a total transaction of $1,328,803.54.

Stratus Properties Price Performance

STRS opened at $27.59 on Monday. The company’s 50-day simple moving average is $29.02 and its two-hundred day simple moving average is $28.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. The stock has a market capitalization of $220.17 million, a P/E ratio of 10.45 and a beta of 1.03. Stratus Properties Inc. has a 52-week low of $15.35 and a 52-week high of $32.93.

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

Stratus Properties Dividend Announcement

The business also recently announced 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STRS. Weiss Ratings raised 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 report on Saturday, May 2nd. 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”.

Hedge Funds Weigh In On Stratus Properties

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of Stratus Properties by 84.7% in the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock worth $27,000 after buying an additional 580 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Stratus Properties by 348.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,904 shares during the last quarter. MetLife Investment Management LLC bought a new position in Stratus Properties in the fourth quarter worth approximately $93,000. Wells Fargo & Company MN raised its position in 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 worth $181,000 after acquiring an additional 2,367 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Stratus Properties by 30.6% in the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,985 shares during the period. Institutional investors 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.