Stratus Properties (NASDAQ:STRS) Major Shareholder Oasis Management Co Ltd. Sells 28,720 Shares

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 28,720 shares of Stratus Properties stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $27.51, for a total transaction of $790,087.20. Following the sale, the insider directly owned 784,797 shares of the company’s stock, valued at $21,589,765.47. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large 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 Tuesday, July 7th, Oasis Management Co Ltd. sold 30,000 shares of Stratus Properties stock. The stock was sold at an average price of $27.51, for a total transaction of $825,300.00.
• On Tuesday, June 30th, Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock. The shares were sold at an average price of $28.90, for a total value of $289,000.00.
• On Thursday, July 2nd, Oasis Management Co Ltd. sold 117,612 shares of Stratus Properties stock. The shares were sold at an average price of $28.03, for a total value of $3,296,664.36.
• 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 value of $290,500.00.
• 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 value 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 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 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 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.

Stratus Properties Trading Down 1.5%

Shares of STRS opened at $27.00 on Friday. The firm has a market cap of $215.46 million, a price-to-earnings ratio of 10.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. Stratus Properties Inc. has a fifty-two week low of $15.35 and a fifty-two week high of $32.93. The firm has a 50 day moving average price of $28.81 and a 200-day moving average price of $28.79.

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

Stratus Properties Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 13th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Stratus Properties by 84.7% in the 3rd 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 boosted its stake in shares of Stratus Properties by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,451 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,904 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of Stratus Properties during the fourth quarter valued at about $93,000. JPMorgan Chase & Co. increased its position in shares of 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 buying an additional 1,985 shares during the period. Finally, Wells Fargo & Company MN raised its stake in 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 buying an additional 2,367 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on STRS. Weiss Ratings restated a “hold (c-)” rating on shares of Stratus Properties in a research report on Wednesday. Wall Street Zen lowered shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.