Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $297,100.00 in Stock

Stratus Properties Inc. (NASDAQ:STRSGet Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $29.71, for a total value of $297,100.00. Following the transaction, the insider owned 981,849 shares in the company, valued at $29,170,733.79. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 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 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.

Stratus Properties Stock Performance

Stratus Properties stock opened at $29.83 on Friday. The stock’s 50-day moving average is $30.39 and its 200-day moving average is $26.29. The company has a market cap of $238.04 million, a price-to-earnings ratio of 20.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.99. Stratus Properties Inc. has a 12 month low of $15.35 and a 12 month high of $32.93.

Stratus Properties (NASDAQ:STRSGet Free Report) last released its quarterly earnings data on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. The company had revenue of $8.30 million for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.

Institutional Investors Weigh In On Stratus Properties

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Stratus Properties by 2.9% during the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock valued at $2,131,000 after buying an additional 2,446 shares during the period. Wells Fargo & Company MN grew its stake in Stratus Properties by 46.2% during the 4th 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. MetLife Investment Management LLC acquired a new stake in Stratus Properties during the 4th quarter valued at approximately $93,000. Nuveen LLC acquired a new stake in Stratus Properties during the 4th quarter valued at approximately $206,000. Finally, Geode Capital Management LLC grew its stake in Stratus Properties by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 1,393 shares in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on STRS

Stratus Properties Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Stratus Properties (NASDAQ:STRS)

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