Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $825,300.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 30,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $27.51, for a total value of $825,300.00. Following the completion of the transaction, the insider directly owned 813,517 shares in the company, valued at $22,379,852.67. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 stock was sold at an average price of $29.05, for a total transaction 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 transaction 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 shares were 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 stock was 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 stock was sold at an average price of $29.89, for a total transaction of $298,900.00.

Stratus Properties Stock Performance

Shares of Stratus Properties stock traded down $0.95 during trading on Friday, hitting $26.05. 397,031 shares of the company’s stock were exchanged, compared to its average volume of 56,011. The stock has a market capitalization of $207.88 million, a price-to-earnings ratio of 9.87 and a beta of 1.03. The business has a 50-day simple moving average of $28.72 and a 200-day simple moving average of $28.77. Stratus Properties Inc. has a 52-week low of $15.35 and a 52-week 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.

Stratus Properties (NASDAQ:STRS) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. The company 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 company posted ($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. Stockholders of record on Monday, July 13th will be paid a $5.00 dividend. The ex-dividend date is Monday, July 13th.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Stratus Properties

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Stratus Properties by 84.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock valued at $27,000 after buying an additional 580 shares in the last quarter. Barclays PLC increased its holdings in Stratus Properties by 10.6% in the 4th quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 1,001 shares in the last quarter. Geode Capital Management LLC increased its holdings in Stratus Properties by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock worth $3,872,000 after acquiring an additional 1,393 shares in the last quarter. Tower Research Capital LLC TRC raised its position 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 worth $46,000 after acquiring an additional 1,904 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Stratus Properties by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,985 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.