Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 9,400 Shares

Key Points

• Oasis Management sold 9,400 Stratus shares on April 7 at an average of $30.17 for $283,598, reducing its position by 0.83% to 1,119,243 shares; the firm also sold 3,148 shares on April 8 and 5,417 shares on April 2.
• STRS shares traded up 1.2% to $30.60, with a market cap of $244.19 million, a P/E of 20.96, and a 52‑week range of $15.10–$32.93.
• Analyst consensus remains a "Sell" despite a recent upgrade by Wall Street Zen to "Buy," and institutional investors hold roughly 61.6% of the company.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 9,400 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $30.17, for a total value of $283,598.00. Following the completion of the transaction, the insider owned 1,119,243 shares of the company's stock, valued at approximately $33,767,561.31. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• 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 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 Stock Up 1.2%

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

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

Institutional Investors Weigh In On Stratus Properties

Several large investors have recently bought and sold shares of the business. State Street Corp increased its holdings 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 worth $2,131,000 after buying an additional 2,446 shares in the last quarter. 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 worth $181,000 after buying an additional 2,367 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Stratus Properties in the 4th quarter worth about $93,000. Nuveen LLC bought a new stake in Stratus Properties in the 4th quarter worth about $206,000. Finally, Geode Capital Management LLC increased its holdings 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 buying an additional 1,393 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STRS. Weiss Ratings restated a "sell (d)" rating on shares of Stratus Properties in a report on Friday, March 27th. Wall Street Zen upgraded Stratus Properties from a "sell" rating to a "buy" rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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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