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

Key Points

• Major shareholder Oasis Management sold 29,788 shares of Stratus Properties on April 16 at an average price of $30.07 for about $895,725, leaving it with 1,076,064 shares (a 2.69% ownership decline); combined with four earlier April sales, Oasis disposed of roughly 57,996 shares this month.
• STRS traded down 0.4% to $29.90 on heavy volume (70,735 vs. average 14,488), has a market cap of $238.6M and a P/E of 20.48, and carries an average analyst rating of Hold after recent downgrades and upgrades.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 29,788 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $30.07, for a total transaction of $895,725.16. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 transaction 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 transaction 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.
• 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 transaction of $163,105.87.

Stratus Properties Trading Down 0.4%

STRS stock traded down $0.11 during trading on Friday, reaching $29.90. The company had a trading volume of 70,735 shares, compared to its average volume of 14,488. Stratus Properties Inc. has a 52 week low of $15.10 and a 52 week high of $32.93. The company has a market cap of $238.60 million, a P/E ratio of 20.48 and a beta of 1.20. The business has a 50 day moving average of $30.23 and a 200 day moving average of $25.31. 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 (NASDAQ:STRS - Get Free Report) last released 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STRS. 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Stratus Properties by 84.7% during the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 580 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Stratus Properties by 348.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 1,904 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Stratus Properties during the fourth quarter valued at approximately $93,000. Wells Fargo & Company MN increased its position 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 valued at $181,000 after acquiring an additional 2,367 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Stratus Properties by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 1,985 shares in the last quarter. Institutional investors own 61.63% of the company's stock.

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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