Oasis Management Co Ltd. Sells 117,612 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total transaction of $3,296,664.36. Following the transaction, the insider owned 843,517 shares of the company’s stock, valued at $23,643,781.51. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, May 26th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was 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 shares were 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 shares were 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 stock was 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 shares were 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 shares were 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 value of $1,328,803.54.
• 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 transaction of $895,725.16.

Stratus Properties Price Performance

STRS opened at $27.59 on Friday. Stratus Properties Inc. has a 1 year low of $15.35 and a 1 year 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. The company has a market capitalization of $220.25 million, a price-to-earnings ratio of 10.45 and a beta of 1.03. The firm’s fifty day moving average price is $29.02 and its two-hundred day moving average price is $28.69.

Stratus Properties (NASDAQ:STRS) last announced its 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 company had revenue of $3.79 million during the quarter. During the same quarter in the prior year, the company earned ($0.36) EPS.

Stratus Properties Dividend Announcement

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

Institutional Investors Weigh In On Stratus Properties

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in Stratus Properties by 84.7% during the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 580 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Stratus Properties by 348.1% in 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 period. MetLife Investment Management LLC bought a new stake in shares of Stratus Properties in the fourth quarter valued at $93,000. JPMorgan Chase & Co. lifted its position in shares of Stratus Properties by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,985 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Stratus Properties by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock valued at $181,000 after buying an additional 2,367 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

Analyst Upgrades and Downgrades

STRS has been the topic of a number of research analyst reports. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Stratus Properties presently has an average 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.