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 dated 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 transaction, the insider owned 991,849 shares of the company’s stock, valued at approximately $29,785,225.47. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $30.11, for a total value of $163,105.87.
Stratus Properties Stock Up 0.1%
Shares of NASDAQ STRS opened at $30.26 on Friday. The business has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $25.98. Stratus Properties Inc. has a 52 week low of $15.10 and a 52 week high of $32.93. The company has a market cap of $241.47 million, a P/E ratio of 20.73 and a beta of 1.20. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41.
Analyst Upgrades and Downgrades
Several analysts have weighed in on STRS shares. Wall Street Zen raised Stratus Properties from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Weiss Ratings raised Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Stock Analysis on Stratus Properties
Institutional Trading of Stratus Properties
Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Stratus Properties by 84.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock worth $27,000 after buying an additional 580 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Stratus Properties by 348.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,904 shares during the period. MetLife Investment Management LLC purchased a new position in Stratus Properties in the 4th quarter worth approximately $93,000. JPMorgan Chase & Co. increased its stake in Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,985 shares during the period. Finally, Wells Fargo & Company MN increased its stake 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 purchasing an additional 2,367 shares during the period. 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 netālease 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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