Oasis Management Co Ltd. Sells 493 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 493 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $30.19, for a total transaction of $14,883.67. Following the transaction, the insider owned 1,026,765 shares of the company’s stock, valued at $30,998,035.35. This trade represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 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.
• 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 transaction 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 transaction 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 transaction 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 transaction of $310,362.90.
• On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The shares were sold at an average price of $30.08, for a total transaction of $94,691.84.
• On Tuesday, April 7th, Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock. The shares were sold at an average price of $30.17, for a total transaction of $283,598.00.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The shares were sold at an average price of $30.11, for a total transaction of $163,105.87.

Stratus Properties Stock Performance

Shares of NASDAQ STRS opened at $29.99 on Wednesday. The company has a market cap of $239.32 million, a PE ratio of 20.54 and a beta of 1.20. Stratus Properties Inc. has a 12 month low of $15.10 and a 12 month high of $32.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.99. The company has a 50-day simple moving average of $30.30 and a 200-day simple moving average of $25.92.

Stratus Properties (NASDAQ:STRS) last issued its quarterly earnings results on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. The business had revenue of $8.30 million during the quarter. Stratus Properties had a net margin of 40.06% and a return on equity of 3.66%.

Institutional Investors Weigh In On Stratus Properties

Several hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its position 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 worth $252,000 after acquiring an additional 1,001 shares during the last quarter. State Street Corp boosted its position 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 worth $2,131,000 after acquiring an additional 2,446 shares during the last quarter. Wells Fargo & Company MN boosted its position 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 worth $181,000 after acquiring an additional 2,367 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Stratus Properties in the fourth quarter worth approximately $93,000. Finally, Nuveen LLC acquired a new stake in shares of Stratus Properties in the fourth quarter worth approximately $206,000. 61.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Stratus Properties from a “hold” rating to a “buy” rating in a report on Monday, April 20th. 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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus 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.