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

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $28.90, for a total value of $289,000.00. Following the completion of the transaction, the insider owned 961,129 shares in the company, valued at approximately $27,776,628.10. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 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 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 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 stock was sold at an average price of $29.71, for a total transaction 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 transaction 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.
• 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 transaction of $134,579.66.
• On Friday, April 17th, Oasis Management Co Ltd. sold 44,323 shares of Stratus Properties stock. The stock was sold at an average price of $29.98, for a total transaction of $1,328,803.54.

Stratus Properties Stock Performance

Shares of Stratus Properties stock opened at $27.75 on Wednesday. The firm has a market cap of $221.44 million, a PE ratio of 10.51 and a beta of 1.03. The firm’s 50-day simple moving average is $28.92 and its 200-day simple moving average is $28.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. Stratus Properties Inc. has a 1 year low of $15.35 and a 1 year high of $32.93.

Stratus Properties (NASDAQ:STRS) last issued its quarterly 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 for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period in the previous year, the business posted ($0.36) EPS.

Stratus Properties Announces Dividend

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

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Rangeley Capital LLC acquired a new position in Stratus Properties in the first quarter valued at approximately $383,000. Barclays PLC raised its position in shares of Stratus Properties by 10.6% during the 4th quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,001 shares during the period. State Street Corp lifted its holdings in shares of Stratus Properties by 2.9% in the 4th 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. Wells Fargo & Company MN lifted its holdings in shares of Stratus Properties by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,367 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in Stratus Properties during the 4th quarter valued at approximately $93,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company 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.