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

Key Points

• Oasis Management Co Ltd., Stratus Properties’ major shareholder, sold 10,000 shares on May 26 at an average price of $29.05, reducing its ownership by about 1.02% to 971,129 shares.
• The sale is part of a broader pattern of recent insider selling by Oasis Management, which has repeatedly trimmed its Stratus stake in multiple transactions throughout April and May.
• Shares of Stratus Properties (NASDAQ: STRS) were trading around $29.00, and the stock currently carries a Hold consensus rating from analysts.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $29.05, for a total transaction of $290,500.00. Following the completion of the sale, the insider directly owned 971,129 shares in the company, valued at $28,211,297.45. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 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 stock was 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 stock was sold at an average price of $30.00, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,328,803.54.
• On Thursday, April 16th, Oasis Management Co Ltd. sold 29,788 shares of Stratus Properties stock. The stock was 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.

Stratus Properties Trading Up 0.8%

Stratus Properties stock traded up $0.24 during midday trading on Wednesday, reaching $29.00. The stock had a trading volume of 9,538 shares, compared to its average volume of 31,950. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41. The firm has a market cap of $231.42 million, a price-to-earnings ratio of 10.98 and a beta of 1.06. The company has a fifty day moving average of $29.89 and a 200 day moving average of $27.28. Stratus Properties Inc. has a 52-week low of $15.35 and a 52-week high of $32.93.

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

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently modified their holdings of STRS. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 580 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 purchasing an additional 1,904 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Stratus Properties during the fourth quarter valued at approximately $93,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 1,985 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake 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 purchasing an additional 2,367 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Stratus Properties from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently 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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