Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 5,417 Shares of Stock

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

Stratus Properties Stock Performance

Shares of NASDAQ:STRS opened at $30.30 on Tuesday. The company’s 50 day simple moving average is $30.02 and its 200 day simple moving average is $24.88. The stock has a market capitalization of $241.88 million, a price-to-earnings ratio of 20.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.67. Stratus Properties Inc. has a 1 year low of $15.10 and a 1 year high of $32.93.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Stratus Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Stratus Properties by 10.6% during the fourth quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,001 shares during the last quarter. State Street Corp grew its stake in shares of Stratus Properties by 2.9% during the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 2,446 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Stratus Properties by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,367 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Stratus Properties during the fourth quarter worth $93,000. Finally, Nuveen LLC bought a new stake in shares of Stratus Properties during the fourth quarter worth $206,000. Institutional investors own 61.63% of the company’s stock.

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.