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

Key Points

• Oasis Management sold 10,000 shares of Stratus Properties (NASDAQ:STRS) on May 4 at an average price of $29.71, leaving it with 981,849 shares valued at about $29.17 million and representing a 1.01% reduction in its ownership stake.
• The May 4 sale is part of a sustained disposal program by Oasis: it sold roughly 146,794 shares across multiple trades in April–May, totaling about $4.4 million in proceeds.
• Stratus stock was trading near $29.92 mid-day, with a market cap of about $238.8 million, a 50-day/200-day moving average of $30.37/$26.14, and a consensus analyst rating of Hold.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $29.71, for a total value of $297,100.00. Following the completion of the sale, the insider owned 981,849 shares of the company's stock, valued at approximately $29,170,733.79. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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 shares were 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 shares were 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $30.17, for a total transaction of $283,598.00.

Stratus Properties Stock Performance

Shares of Stratus Properties stock traded up $0.24 during mid-day trading on Wednesday, hitting $29.92. 7,022 shares of the stock were exchanged, compared to its average volume of 16,574. The company has a 50-day simple moving average of $30.37 and a 200 day simple moving average of $26.14. 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 Inc. has a 12 month low of $15.35 and a 12 month high of $32.93. The company has a market capitalization of $238.76 million, a P/E ratio of 20.49 and a beta of 1.06.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STRS. BNP Paribas Financial Markets raised its position in shares of Stratus Properties by 84.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 580 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 700 shares during the period. Barclays PLC lifted its holdings 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 buying an additional 1,001 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Stratus Properties by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider's stock valued at $3,872,000 after buying an additional 1,393 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings 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. 61.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on STRS. Wall Street Zen lowered shares of Stratus Properties from a "buy" rating to a "hold" rating in a research report on Saturday. 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, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

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.

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