Oasis Management Co Ltd. Sells 29,788 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 29,788 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $30.07, for a total value of $895,725.16. Following the transaction, the insider owned 1,076,064 shares of the company’s stock, valued at approximately $32,357,244.48. This represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Wednesday, April 15th, Oasis Management Co Ltd. sold 10,243 shares of Stratus Properties stock. The stock was 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 stock was 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 stock was sold at an average price of $30.17, for a total value of $283,598.00.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The stock was sold at an average price of $30.11, for a total value of $163,105.87.

Stratus Properties Price Performance

NASDAQ STRS opened at $29.90 on Friday. Stratus Properties Inc. has a 1 year low of $15.10 and a 1 year high of $32.93. The business’s fifty day moving average is $30.23 and its two-hundred day moving average is $25.40. The stock has a market capitalization of $238.69 million, a P/E ratio of 20.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.99 and a current ratio of 3.99.

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

Institutional Trading of Stratus Properties

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Stratus Properties by 10.6% during the 4th quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 1,001 shares during the period. State Street Corp increased its stake in shares of Stratus Properties by 2.9% in the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 2,446 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Stratus Properties by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 2,367 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of Stratus Properties in the fourth quarter worth $93,000. Finally, Nuveen LLC acquired a new position in shares of Stratus Properties in the fourth quarter worth $206,000. 61.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRS has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Stratus Properties from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.