Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 4,916 Shares

Key Points

• Oasis Management sold 4,916 shares of Stratus Properties on April 28 at an average price of $30.03 and now directly owns 991,849 shares, a 0.49% decrease in its stake.
• During April Oasis executed a string of sales totaling about 142,211 shares (including large blocks of 44,323 on Apr 17 and 29,788 on Apr 16), indicating significant insider selling activity.
• Stratus (NASDAQ:STRS) traded up to $30.24 (up $0.25) with a market cap of $241.3M and a P/E of 20.7, and the consensus analyst rating remains a Hold despite some recent upgrades.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 4,916 shares of the firm's stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $30.03, for a total value of $147,627.48. Following the completion of the sale, the insider directly owned 991,849 shares of the company's stock, valued at $29,785,225.47. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 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.
• 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 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 value 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 value of $895,725.16.
• On Wednesday, April 15th, Oasis Management Co Ltd. sold 10,243 shares of Stratus Properties stock. The shares were sold at an average price of $30.30, for a total value of $310,362.90.
• On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The shares were 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 shares were 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 value of $163,105.87.

Stratus Properties Trading Up 0.8%

NASDAQ:STRS traded up $0.25 on Wednesday, reaching $30.24. The company's stock had a trading volume of 19,681 shares, compared to its average volume of 16,400. Stratus Properties Inc. has a 12-month low of $15.10 and a 12-month high of $32.93. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. The firm has a market cap of $241.32 million, a price-to-earnings ratio of 20.71 and a beta of 1.20. The stock has a 50 day moving average price of $30.33 and a 200 day moving average price of $25.95.

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

Institutional Investors Weigh In On Stratus Properties

A number of institutional investors have recently modified their holdings of STRS. Geode Capital Management LLC grew its stake in shares of Stratus Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider's stock valued at $3,008,000 after buying an additional 15,896 shares in the last quarter. Hodges Capital Management Inc. grew its stake in shares of Stratus Properties by 9.3% in the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider's stock valued at $3,863,000 after buying an additional 13,600 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Stratus Properties in the fourth quarter valued at $206,000. Vanguard Group Inc. grew its stake in shares of Stratus Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock valued at $9,107,000 after buying an additional 7,994 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in Stratus Properties by 12.4% during the 4th quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider's stock worth $1,430,000 after purchasing an additional 6,512 shares in the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STRS has been the topic of a number of research analyst reports. Wall Street Zen upgraded Stratus Properties from a "hold" rating to a "buy" rating in a research report on Monday, April 20th. Weiss Ratings upgraded Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Stratus Properties presently has a consensus rating of "Hold".

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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