Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $3,296,664.36 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 117,612 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total transaction of $3,296,664.36. Following the completion of the sale, the insider directly owned 843,517 shares of the company’s stock, valued at approximately $23,643,781.51. This trade represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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, 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 transaction 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 transaction of $21,621.60.
• On Monday, May 4th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were 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 shares were 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 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.

Stratus Properties Stock Performance

NASDAQ STRS opened at $27.59 on Friday. The stock has a market cap of $220.17 million, a PE ratio of 10.45 and a beta of 1.03. 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. The stock has a fifty day simple moving average of $29.02 and a 200-day simple moving average of $28.69.

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

Stratus Properties Announces Dividend

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

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rangeley Capital LLC acquired a new position in Stratus Properties in the 1st quarter valued at about $383,000. Barclays PLC boosted its stake in shares of Stratus Properties by 10.6% in the fourth quarter. Barclays PLC now owns 10,428 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 1,001 shares during the period. State Street Corp boosted its stake in shares of Stratus Properties by 2.9% in the fourth quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 2,446 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Stratus Properties by 46.2% in the fourth 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. Finally, MetLife Investment Management LLC acquired a new position in shares of Stratus Properties in the fourth quarter valued at approximately $93,000. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STRS has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company 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.