Oasis Management Co Ltd. Sells 3,148 Shares of Stratus Properties (NASDAQ:STRS) Stock

Key Points

• Oasis Management sold 3,148 shares of Stratus Properties on April 8 at an average price of $30.08 (≈$94,692), cutting its stake to 1,116,095 shares (a 0.28% ownership decrease); the firm also sold 9,400 shares on April 7 and 5,417 on April 2, totaling ~17,965 shares for ≈$541,396.
• Stock snapshot: STRS traded up 1.2% to $30.60, with a market cap of $244.19M, a P/E of 20.96, a 52-week range of $15.10–$32.93, and institutional ownership around 61.63%.
• Analyst sentiment is mixed-to-negative overall — the consensus rating is "Sell," though Wall Street Zen recently upgraded the stock to a "Buy" while Weiss Ratings reaffirmed a "Sell."

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 3,148 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $30.08, for a total transaction of $94,691.84. Following the completion of the sale, the insider directly owned 1,116,095 shares in the company, valued at $33,572,137.60. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• 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 Up 1.2%

NASDAQ:STRS traded up $0.37 during trading hours on Thursday, reaching $30.60. 5,819 shares of the company were exchanged, compared to its average volume of 13,194. The firm has a market cap of $244.19 million, a price-to-earnings ratio of 20.96 and a beta of 1.20. The stock has a 50 day simple moving average of $30.14 and a 200 day simple moving average of $24.97. Stratus Properties Inc. has a 52-week low of $15.10 and a 52-week high of $32.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.67.

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

Hedge Funds Weigh In On Stratus Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted 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 worth $2,131,000 after purchasing an additional 2,446 shares during the period. Wells Fargo & Company MN increased its holdings in Stratus Properties by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider's stock valued at $181,000 after purchasing an additional 2,367 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Stratus Properties in the fourth quarter valued at about $93,000. Nuveen LLC purchased a new position in Stratus Properties in the fourth quarter valued at about $206,000. Finally, Geode Capital Management LLC lifted its stake in shares of Stratus Properties by 0.9% during the fourth 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. Institutional investors and hedge funds own 61.63% of the company's stock.

Wall Street Analyst Weigh In

STRS has been the subject of several research analyst reports. Wall Street Zen upgraded Stratus Properties from a "sell" rating to a "buy" rating in a research note on Saturday, April 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Stratus Properties in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

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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