Key Points
- Oasis Management, a major shareholder of Stratus Properties (NASDAQ:STRS), sold 44,323 shares on April 17 at an average price of $29.98 for $1.33 million, and in total executed multiple April sales of approximately 106,802 shares for about $3.21 million.
- Following the sales, Oasis now owns 1,031,741 shares of STRS (a 4.12% reduction), valued at roughly $30.93 million at current prices.
- STRS is trading near $30 (50-day MA $30.25, 200-day MA $25.57) with a market cap of about $239 million and an average analyst rating of Hold.
Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 4,483 shares of Stratus Properties stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $30.02, for a total value of $134,579.66. Following the transaction, the insider directly owned 1,027,258 shares in the company, valued at $30,838,285.16. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large 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 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 value 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 value 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 value 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 value of $94,691.84.
- On Tuesday, April 7th, Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock. The stock was sold at an average price of $30.17, for a total value 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 value of $163,105.87.
Stratus Properties Stock Down 0.1%
Shares of NASDAQ:STRS opened at $29.97 on Wednesday. The company has a market capitalization of $239.25 million, a price-to-earnings ratio of 20.53 and a beta of 1.20. 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 business's 50-day moving average is $30.25 and its 200-day moving average is $25.57. Stratus Properties Inc. has a 1 year low of $15.10 and a 1 year high of $32.93.
Stratus Properties (NASDAQ:STRS - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter. The firm had revenue of $8.30 million for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.
Analyst Upgrades and Downgrades
STRS has been the subject of a number of research analyst reports. Weiss Ratings raised Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, April 10th. Wall Street Zen raised Stratus Properties from a "hold" rating to a "buy" rating in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".
Read Our Latest Research Report on Stratus Properties
Institutional Trading of Stratus Properties
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in Stratus Properties by 84.7% during 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. Hodges Capital Management Inc. increased its holdings in Stratus Properties by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 146,170 shares of the financial services provider's stock worth $3,093,000 after purchasing an additional 700 shares in the last quarter. Barclays PLC increased its holdings in Stratus Properties by 10.6% during the 4th quarter. Barclays PLC now owns 10,428 shares of the financial services provider's stock worth $252,000 after purchasing an additional 1,001 shares in the last quarter. Geode Capital Management LLC increased its holdings in Stratus Properties by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider's stock worth $3,872,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in 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 worth $46,000 after purchasing an additional 1,904 shares in the last quarter. 61.63% of the stock is owned by institutional investors.
About Stratus Properties
(
Get Free Report)
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.
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