Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells 28,720 Shares of Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 28,720 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $27.51, for a total transaction of $790,087.20. Following the completion of the transaction, the insider owned 784,797 shares of the company’s stock, valued at approximately $21,589,765.47. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 shares were sold at an average price of $27.51, for a total transaction of $825,300.00.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were 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 transaction of $3,296,664.36.
• On Tuesday, May 26th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The stock was sold at an average price of $29.05, for a total value of $290,500.00.
• On Thursday, May 7th, Oasis Management Co Ltd. sold 720 shares of Stratus Properties stock. The shares were 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 stock was sold at an average price of $29.71, for a total value of $297,100.00.
• On Tuesday, April 28th, Oasis Management Co Ltd. sold 4,916 shares of Stratus Properties stock. The stock was sold at an average price of $30.03, for a total value 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 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 transaction of $298,900.00.

Stratus Properties Price Performance

STRS stock traded down $0.41 during mid-day trading on Thursday, hitting $27.00. The company had a trading volume of 248,760 shares, compared to its average volume of 44,679. The company 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 50-day moving average price of $28.81 and a 200 day moving average price of $28.79. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a 12-month low of $15.35 and a 12-month high of $32.93.

Stratus Properties (NASDAQ:STRS) last posted its earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share for the quarter. The firm had revenue of $3.79 million during the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. During the same period last year, the business posted ($0.36) earnings per share.

Stratus Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Stratus Properties from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of Stratus Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Stratus Properties by 11.1% in the second 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. Hodges Capital Management Inc. boosted its position in Stratus Properties by 9.3% during the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock valued at $3,863,000 after acquiring an additional 13,600 shares in the last quarter. Rangeley Capital LLC purchased a new position in shares of Stratus Properties in the 1st quarter valued at $383,000. Nuveen LLC bought a new position in shares of Stratus Properties in the 4th quarter worth $206,000. Finally, Vanguard Group Inc. raised its position in shares of Stratus Properties by 1.9% in 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 in the last quarter. 61.63% of the stock is currently owned by institutional investors.

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.