Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $163,105.87 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $30.11, for a total value of $163,105.87. Following the completion of the sale, the insider directly owned 1,128,643 shares of the company’s stock, valued at approximately $33,983,440.73. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Stratus Properties Price Performance

Shares of NASDAQ:STRS opened at $30.23 on Thursday. The company has a market cap of $241.24 million, a P/E ratio of 20.71 and a beta of 1.20. The company has a quick ratio of 3.67, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a 52 week low of $15.10 and a 52 week high of $32.93. The business has a fifty day simple moving average of $30.14 and a 200-day simple moving average of $24.97.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings data on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. The business had revenue of $8.30 million during the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in 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 valued at $27,000 after acquiring an additional 580 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in Stratus Properties by 0.5% in the third quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock valued at $3,093,000 after acquiring an additional 700 shares during the last quarter. Barclays PLC boosted its holdings in Stratus Properties by 10.6% in the fourth quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 1,001 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Stratus Properties by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock valued at $3,872,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 acquiring an additional 1,904 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Analyst Upgrades and Downgrades

STRS has been the subject of a number of recent analyst reports. Wall Street Zen raised Stratus Properties from a “sell” rating to a “buy” rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stratus Properties in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Stratus Properties presently has a consensus rating of “Sell”.

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.