Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $600,000.00 in Stock

Key Points

• Oasis Management Co Ltd. sold 20,000 Stratus Properties (STRS) shares on April 27 at an average price of $30 for a total of $600,000, cutting its stake to 996,765 shares (approximately $29.9M), a 1.97% ownership decrease.
• The April sale was part of a broader string of disposals by Oasis that totaled roughly $4.27 million, highlighted by a 44,323-share sale on April 17 worth about $1.33M.
• STRS traded near $30.24 (+0.8%) with a market cap of about $241.3M and a P/E of ~20.7; institutional investors own 61.63% and MarketBeat shows a consensus rating of "Hold" despite a few recent analyst upgrades.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 20,000 shares of the company's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the insider owned 996,765 shares in the company, valued at approximately $29,902,950. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 28th, Oasis Management Co Ltd. sold 4,916 shares of Stratus Properties stock. The shares were sold at an average price of $30.03, for a total value of $147,627.48.
• On Wednesday, April 22nd, Oasis Management Co Ltd. sold 493 shares of Stratus Properties stock. The shares were 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 shares were 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 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 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%

STRS stock traded up $0.25 during midday trading on Wednesday, reaching $30.24. 19,681 shares of the company traded hands, compared to its average volume of 16,400. 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 quick ratio of 3.99 and a current ratio of 3.99. The business has a 50 day moving average of $30.33 and a 200-day moving average of $25.95. The firm has a market capitalization of $241.32 million, a price-to-earnings ratio of 20.71 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 for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Stratus Properties by 1.9% in the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider's stock worth $9,107,000 after purchasing an additional 7,994 shares in the last quarter. Geode Capital Management LLC grew its stake in Stratus Properties by 0.9% in 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. Hodges Capital Management Inc. grew its stake in 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 worth $3,863,000 after purchasing an additional 13,600 shares in the last quarter. State Street Corp grew its stake in Stratus Properties by 2.9% in the fourth 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 in the last quarter. Finally, Tectonic Advisors LLC grew its stake in Stratus Properties by 12.4% in the fourth 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. Institutional investors own 61.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STRS shares. Wall Street Zen upgraded Stratus Properties from a "hold" rating to a "buy" rating in a report on Monday, April 20th. Weiss Ratings upgraded 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, Stratus Properties 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.