Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $290,500.00 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $29.05, for a total transaction of $290,500.00. Following the completion of the transaction, the insider directly owned 971,129 shares in the company, valued at $28,211,297.45. This represents a 1.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• 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 transaction 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 transaction 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 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 transaction 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $30.30, for a total value of $310,362.90.

Stratus Properties Stock Performance

STRS opened at $28.59 on Friday. The business’s 50 day moving average is $29.87 and its 200-day moving average is $27.36. The stock has a market cap of $228.15 million, a PE ratio of 10.83 and a beta of 1.06. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a twelve month low of $15.35 and a twelve month high of $32.93.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings results 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 return on equity of 6.28% and a net margin of 74.96%.During the same period last year, the firm posted ($0.36) EPS.

Institutional Investors Weigh In On Stratus Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Stratus Properties by 84.7% during the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 580 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Stratus Properties by 348.1% during the second 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 in the last quarter. MetLife Investment Management LLC bought a new stake in Stratus Properties during the fourth quarter worth approximately $93,000. Wells Fargo & Company MN raised its holdings 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 worth $181,000 after purchasing an additional 2,367 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Stratus Properties by 30.6% during the third 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 in the last quarter. Institutional investors own 61.63% of the company’s stock.

Wall Street Analysts Forecast Growth

STRS has been the topic of a number of recent analyst reports. Wall Street Zen cut Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. 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 company presently has an average rating of “Hold”.

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.