Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells $21,621.60 in Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 720 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $30.03, for a total transaction of $21,621.60. Following the transaction, the insider directly owned 981,129 shares in the company, valued at $29,463,303.87. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction 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 transaction of $147,627.48.
• On Monday, April 27th, Oasis Management Co Ltd. sold 20,000 shares of Stratus Properties stock. The shares were 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 shares were 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $30.08, for a total transaction of $94,691.84.

Stratus Properties Stock Performance

Shares of STRS stock opened at $30.01 on Thursday. The firm has a market cap of $239.48 million, a price-to-earnings ratio of 11.37 and a beta of 1.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.99 and a current ratio of 3.99. Stratus Properties Inc. has a 52 week low of $15.35 and a 52 week high of $32.93. The firm’s 50-day simple moving average is $30.32 and its two-hundred day simple moving average is $26.58.

Stratus Properties (NASDAQ:STRS) last announced its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 EPS for the quarter. The business had revenue of $3.79 million for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.33%. During the same period in the prior year, the firm posted ($0.36) EPS.

Wall Street Analyst Weigh In

STRS has been the topic of several research reports. Wall Street Zen lowered shares of Stratus Properties from a “buy” rating to a “hold” rating in a research report 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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Stratus Properties has a consensus rating of “Hold”.

Hedge Funds Weigh In On Stratus Properties

Several large investors have recently modified their holdings of STRS. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 15,896 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Stratus Properties by 348.1% in 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. JPMorgan Chase & Co. grew its stake 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 valued at $179,000 after acquiring an additional 1,985 shares in the last quarter. Vanguard Group Inc. grew its stake in Stratus Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock valued at $9,107,000 after acquiring an additional 7,994 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its stake in Stratus Properties by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider’s stock valued at $3,093,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

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.