Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $790,087.20 in Stock

Key Points

• Major shareholder Oasis Management sold 28,720 Stratus Properties shares at $27.51 each, totaling about $790,087. After the sale, it still owned 784,797 shares, trimming its stake by 3.53%.
• The sale adds to a series of recent insider disposals by Oasis Management, including multiple transactions in late June and early July, indicating a continued reduction in its position.
• Stratus Properties recently reported Q1 earnings of $0.82 per share on $3.79 million in revenue and also declared a special dividend of $5.00 per share payable July 20, while analysts currently rate the stock a consensus Hold.

Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 28,720 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $27.51, for a total transaction of $790,087.20. Following the transaction, the insider directly owned 784,797 shares in the company, valued at $21,589,765.47. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Tuesday, July 7th, Oasis Management Co Ltd. sold 30,000 shares of Stratus Properties stock. The stock was sold at an average price of $27.51, for a total value of $825,300.00.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was sold at an average price of $28.90, for a total transaction of $289,000.00.
• On Thursday, July 2nd, Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock. The stock was sold at an average price of $28.03, for a total value of $3,296,664.36.
• On Tuesday, May 26th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $29.05, for a total transaction of $290,500.00.
• 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 value of $21,621.60.
• On Monday, May 4th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were 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 shares were 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 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 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 value of $298,900.00.

Stratus Properties Price Performance

NASDAQ:STRS traded down $0.41 during trading hours on Thursday, hitting $27.00. The stock had a trading volume of 248,760 shares, compared to its average volume of 44,679. The company has a 50 day simple moving average of $28.81 and a two-hundred day simple moving average of $28.79. The firm has a market capitalization of $215.46 million, a price-to-earnings ratio of 10.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.70 and a quick ratio of 3.70. Stratus Properties Inc. has a one year low of $15.35 and a one year high of $32.93.

Stratus Properties (NASDAQ:STRS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. The company 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 last year, the company posted ($0.36) earnings per share.

Stratus Properties Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 13th will be issued a dividend of $5.00 per share. The ex-dividend date is Monday, July 13th.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STRS shares. Wall Street Zen downgraded shares of Stratus Properties from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Institutional Investors Weigh In On Stratus Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Rangeley Capital LLC purchased a new stake in shares of Stratus Properties during the first quarter valued at $383,000. Barclays PLC lifted its stake in shares of Stratus Properties by 10.6% in the 4th quarter. Barclays PLC now owns 10,428 shares of the financial services provider's stock worth $252,000 after purchasing an additional 1,001 shares during the period. State Street Corp raised its position 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 acquiring an additional 2,446 shares during the period. Wells Fargo & Company MN lifted its position in 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. Finally, MetLife Investment Management LLC purchased a new position in shares of Stratus Properties during the 4th quarter valued at about $93,000. Institutional investors own 61.63% of the company's stock.

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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