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

Stratus Properties Inc. (NASDAQ:STRSGet Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $29.71, for a total value of $297,100.00. Following the sale, the insider owned 981,849 shares of the company’s stock, valued at approximately $29,170,733.79. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 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 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 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 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 shares were sold at an average price of $30.07, for a total value of $895,725.16.
  • On Wednesday, April 15th, Oasis Management Co Ltd. sold 10,243 shares of Stratus Properties stock. The shares were sold at an average price of $30.30, for a total value of $310,362.90.
  • On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The shares were sold at an average price of $30.08, for a total value of $94,691.84.
  • On Tuesday, April 7th, Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock. The shares were sold at an average price of $30.17, for a total value of $283,598.00.

Stratus Properties Stock Performance

NASDAQ STRS opened at $29.92 on Thursday. The business’s 50-day simple moving average is $30.39 and its 200-day simple moving average is $26.21. The firm has a market capitalization of $238.85 million, a P/E ratio of 20.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.99. Stratus Properties Inc. has a 1-year low of $15.35 and a 1-year high of $32.93.

Stratus Properties (NASDAQ:STRSGet Free Report) last released its quarterly earnings results on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. The firm had revenue of $8.30 million for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on STRS

Hedge Funds Weigh In On Stratus Properties

A number of institutional investors have recently made changes to their positions in STRS. Geode Capital Management LLC raised its position in shares of Stratus Properties by 11.1% in the 2nd 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. Tower Research Capital LLC TRC raised its position in shares of Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,904 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Stratus Properties by 30.6% in the 3rd 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. Vanguard Group Inc. increased its holdings in shares of Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after acquiring an additional 7,994 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its stake in Stratus Properties by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock worth $3,093,000 after buying an additional 700 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Stratus Properties Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Stratus Properties (NASDAQ:STRS)

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