Insider Selling: Stratus Properties (NASDAQ:STRS) Major Shareholder Sells 117,612 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 117,612 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $28.03, for a total value of $3,296,664.36. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 shares were sold at an average price of $29.05, for a total value 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 value 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 value 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 value 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 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 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 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.

Stratus Properties Price Performance

Shares of Stratus Properties stock traded down $1.17 during trading hours on Thursday, reaching $27.59. The stock had a trading volume of 210,295 shares, compared to its average volume of 81,746. The stock’s 50 day moving average is $29.06 and its 200 day moving average is $28.70. The firm has a market capitalization of $220.17 million, a PE ratio of 10.45 and a beta of 1.03. Stratus Properties Inc. has a twelve month low of $15.35 and a twelve month high of $32.93. 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 (NASDAQ:STRS) last posted its earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter. Stratus Properties had a net margin of 74.96% and a return on equity of 6.28%. The business had revenue of $3.79 million for the quarter. During the same period in the previous year, the company earned ($0.36) earnings per share.

Stratus Properties Announces Dividend

The firm 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.

Wall Street Analyst Weigh In

STRS has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. Wall Street Zen lowered Stratus Properties from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Stratus Properties currently has an average rating of “Hold”.

Institutional Investors Weigh In On Stratus Properties

A number of hedge funds have recently modified their holdings of STRS. BNP Paribas Financial Markets lifted its stake in shares of Stratus Properties by 84.7% in the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider’s stock worth $27,000 after buying an additional 580 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 1,904 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Stratus Properties during the 4th quarter valued at about $93,000. JPMorgan Chase & Co. grew its stake in Stratus Properties by 30.6% during the 3rd 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. Finally, 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 acquiring an additional 2,367 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stratus Properties Company Profile

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.