Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $790,087.20 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $27.51, for a total transaction of $790,087.20. Following the sale, the insider owned 784,797 shares in the company, valued at approximately $21,589,765.47. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 Tuesday, July 7th, Oasis Management Co Ltd. sold 30,000 shares of Stratus Properties stock. The shares were sold at an average price of $27.51, for a total transaction of $825,300.00.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $28.90, for a total transaction 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 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 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 stock was sold at an average price of $29.89, for a total transaction of $298,900.00.

Stratus Properties Price Performance

NASDAQ STRS traded down $0.95 on Friday, reaching $26.05. The company’s stock had a trading volume of 397,031 shares, compared to its average volume of 56,011. Stratus Properties Inc. has a twelve month low of $15.35 and a twelve month high of $32.93. 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 cap of $207.88 million, a PE ratio of 9.87 and a beta of 1.03. The firm’s 50 day moving average is $28.72 and its two-hundred day moving average is $28.77.

Stratus Properties (NASDAQ:STRS) last released 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 business had revenue of $3.79 million for the quarter. During the same quarter in the previous year, the firm earned ($0.36) earnings per share.

Stratus Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Stratus Properties in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Stratus Properties presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Stratus Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 15,896 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Stratus Properties by 9.3% during the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock valued at $3,863,000 after buying an additional 13,600 shares in the last quarter. Rangeley Capital LLC acquired a new position in Stratus Properties during the first quarter valued at $383,000. Nuveen LLC acquired a new position in Stratus Properties during the fourth quarter valued at $206,000. Finally, Vanguard Group Inc. lifted its stake in Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after acquiring an additional 7,994 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.