Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells 10,243 Shares of Stock

Key Points

• Oasis Management sold 10,243 Stratus shares on April 15 at $30.30 (≈$310,363) and has been actively selling throughout April—about 57,996 shares total—generating roughly $1.75 million in proceeds; after the April 15 sale it owned 1,105,852 shares (≈$33.5M), a 0.92% stake reduction from that trade.
• Stratus stock traded down 0.4% to $29.90 with elevated volume (~70,735 vs. avg. 14,488); the company has a market cap of $238.6M and an average analyst rating of Hold.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,243 shares of the business's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $30.30, for a total value of $310,362.90. Following the completion of the sale, the insider owned 1,105,852 shares in the company, valued at approximately $33,507,315.60. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• 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 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.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The shares were sold at an average price of $30.11, for a total value of $163,105.87.

Stratus Properties Stock Down 0.4%

Shares of NASDAQ:STRS traded down $0.11 during midday trading on Friday, reaching $29.90. The company had a trading volume of 70,735 shares, compared to its average volume of 14,488. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. The business's 50 day moving average price is $30.23 and its 200 day moving average price is $25.31. The stock has a market cap of $238.60 million, a PE ratio of 20.48 and a beta of 1.20. Stratus Properties Inc. has a 1-year low of $15.10 and a 1-year high of $32.93.

Stratus Properties (NASDAQ:STRS - Get Free Report) last released its earnings results 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 return on equity of 3.66% and a net margin of 40.06%.

Wall Street Analyst Weigh In

STRS has been the topic of a number of recent research reports. Wall Street Zen downgraded Stratus Properties from a "buy" rating to a "hold" rating in a research report on Sunday, April 12th. Weiss Ratings raised Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

Hedge Funds Weigh In On Stratus Properties

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in Stratus Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock worth $3,008,000 after buying an additional 15,896 shares during the last quarter. State Street Corp increased its position in 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. Barclays PLC increased its position in 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. Nuveen LLC acquired a new position in Stratus Properties during the fourth quarter worth approximately $206,000. Finally, Wells Fargo & Company MN increased its position in 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. Institutional investors and hedge funds 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.

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