Oasis Management Co Ltd. Sells 30,000 Shares of Stratus Properties (NASDAQ:STRS) Stock

Key Points

• Oasis Management Co. Ltd., Stratus Properties’ major shareholder, sold 30,000 shares on July 7 at $27.51 each, and then sold additional shares in several recent transactions. After the sale, it still owned 813,517 shares, though its position fell by 3.56%.
• Stratus Properties shares were down 1.5% in Thursday trading to $27.00, with volume well above average. The company’s market cap was about $215.46 million, and its shares have traded between $15.35 and $32.93 over the past year.
• The company announced a special dividend of $5.00 per share to stockholders of record on July 13, payable on July 20. Analysts currently have a consensus Hold rating on STRS.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $27.51, for a total value of $825,300.00. Following the completion of the sale, the insider directly owned 813,517 shares of the company's stock, valued at approximately $22,379,852.67. This represents a 3.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, July 8th, Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties stock. The stock was sold at an average price of $27.51, for a total transaction of $790,087.20.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was sold at an average price of $28.90, for a total transaction of $289,000.00.
• On Thursday, July 2nd, Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock. The shares were sold at an average price of $28.03, for a total transaction of $3,296,664.36.
• On Tuesday, May 26th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $29.05, for a total transaction of $290,500.00.
• On Thursday, May 7th, Oasis Management Co Ltd. sold 720 shares of Stratus Properties stock. The stock was sold at an average price of $30.03, for a total transaction of $21,621.60.
• On Monday, May 4th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was sold at an average price of $29.71, for a total transaction of $297,100.00.
• On Tuesday, April 28th, Oasis Management Co Ltd. sold 4,916 shares of Stratus Properties stock. The shares were sold at an average price of $30.03, for a total transaction 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 stock was 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 stock was sold at an average price of $29.89, for a total value of $298,900.00.

Stratus Properties Trading Down 1.5%

Shares of NASDAQ STRS traded down $0.41 during midday trading on Thursday, reaching $27.00. The company had a trading volume of 248,760 shares, compared to its average volume of 44,679. The stock has a market cap of $215.46 million, a PE ratio of 10.23 and a beta of 1.03. Stratus Properties Inc. has a one year low of $15.35 and a one year high of $32.93. The firm's fifty day moving average price is $28.81 and its 200-day moving average price is $28.79. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41.

Stratus Properties (NASDAQ:STRS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $3.79 million for the quarter. Stratus Properties had a return on equity of 6.28% and a net margin of 74.96%.During the same quarter in the previous year, the business earned ($0.36) earnings per share.

Stratus Properties Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 13th will be issued a $5.00 dividend. The ex-dividend date is Monday, July 13th.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on STRS. Weiss Ratings upgraded Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, April 10th. Wall Street Zen lowered Stratus Properties from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Institutional Trading of Stratus Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings 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. Geode Capital Management LLC boosted its stake in Stratus Properties by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider's stock worth $3,872,000 after purchasing an additional 1,393 shares in the last quarter. Vanguard Group Inc. grew its position in Stratus Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock valued at $9,107,000 after purchasing an additional 7,994 shares during the last quarter. State Street Corp grew its position in Stratus Properties by 2.9% during the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider's stock valued at $2,131,000 after purchasing an additional 2,446 shares during the last quarter. Finally, Barclays PLC increased 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 in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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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