Oasis Management Co Ltd. Sells 5,417 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 5,417 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $30.11, for a total transaction of $163,105.87. Following the completion of the transaction, the insider owned 1,128,643 shares of the company’s stock, valued at $33,983,440.73. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Stratus Properties Price Performance

NASDAQ:STRS traded up $0.39 during mid-day trading on Monday, hitting $30.30. 8,202 shares of the stock traded hands, compared to its average volume of 13,102. The business’s 50-day moving average price is $29.95 and its 200 day moving average price is $24.81. 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 company has a market cap of $241.79 million, a PE ratio of 20.75 and a beta of 1.20. Stratus Properties Inc. has a 12-month low of $15.10 and a 12-month high of $32.93.

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

Institutional Investors Weigh In On Stratus Properties

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 15,896 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Stratus Properties by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,904 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Stratus Properties by 30.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,985 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stratus Properties by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after acquiring an additional 7,994 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position in Stratus Properties by 0.5% in the third quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock worth $3,093,000 after acquiring an additional 700 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on STRS. Wall Street Zen raised Stratus Properties from a “sell” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Stratus Properties in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.