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

Key Points

• Oasis Management sold 10,000 Stratus shares on April 24 at $29.89 (~$298,900), leaving it with 1,016,765 shares (a 0.97% ownership decline); the firm completed multiple other April sell-offs, representing substantial cash-outs.
• STRS traded down 0.8% to $30.24 on Friday with above-average volume; the company has a market cap of $241.3M, a P/E of 20.7, reported Q earnings of $2.41 EPS, and holds a consensus analyst rating of Hold despite a recent upgrade from one firm.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $29.89, for a total transaction of $298,900.00. Following the completion of the transaction, the insider directly owned 1,016,765 shares in the company, valued at approximately $30,391,105.85. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 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 Monday, April 20th, Oasis Management Co Ltd. sold 4,483 shares of Stratus Properties stock. The shares were 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 shares were sold at an average price of $29.98, for a total transaction 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 transaction of $895,725.16.
• 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 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 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 transaction of $163,105.87.

Stratus Properties Stock Down 0.8%

Shares of STRS stock traded down $0.25 during trading hours on Friday, hitting $30.24. 28,006 shares of the company were exchanged, compared to its average volume of 20,881. Stratus Properties Inc. has a 52 week low of $15.10 and a 52 week high of $32.93. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $30.28 and a two-hundred day moving average of $25.70. The company has a market capitalization of $241.32 million, a PE ratio of 20.71 and a beta of 1.20.

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 firm had revenue of $8.30 million during the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.

Hedge Funds Weigh In On Stratus Properties

Several institutional investors and hedge funds have recently modified their holdings of STRS. BNP Paribas Financial Markets grew its position in shares of Stratus Properties by 84.7% in the third 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in Stratus Properties by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider's stock worth $46,000 after purchasing an additional 1,904 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Stratus Properties by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock worth $3,008,000 after purchasing an additional 15,896 shares during the last quarter. Vanguard Group Inc. boosted its stake in Stratus Properties by 1.9% in 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 period. Finally, State Street Corp boosted its stake in Stratus Properties by 2.9% in 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 period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STRS. Wall Street Zen raised Stratus Properties from a "hold" rating to a "buy" rating in a research report on Monday. Weiss Ratings raised Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

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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