Key Points
- Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties (NASDAQ:STRS) on April 24 at $29.89 for $298,900, leaving it with 1,016,765 shares valued at about $30.39 million and a 0.97% reduction in its position.
- Oasis has been actively selling throughout April, offloading roughly 116,802 shares in multiple transactions for about $3.51 million, signaling a sustained pattern of insider sales.
Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the business's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $29.89, for a total transaction of $298,900.00. Following the completion of the transaction, the insider directly owned 1,016,765 shares of the company's stock, valued at approximately $30,391,105.85. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 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 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 shares were 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 stock was sold at an average price of $30.11, for a total value of $163,105.87.
Stratus Properties Price Performance
STRS stock opened at $30.24 on Friday. The stock has a market capitalization of $241.41 million, a price-to-earnings ratio of 20.71 and a beta of 1.20. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. Stratus Properties Inc. has a 52-week low of $15.10 and a 52-week high of $32.93. The stock's fifty day simple moving average is $30.28 and its 200-day simple moving average is $25.70.
Stratus Properties (NASDAQ:STRS - Get Free Report) last released its earnings results on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.The firm had revenue of $8.30 million during the quarter.
Analysts Set New Price Targets
Several brokerages have recently weighed in on STRS. Weiss Ratings upgraded shares of Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a report on Friday, April 10th. Wall Street Zen upgraded shares of Stratus Properties from a "hold" rating to a "buy" rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".
Read Our Latest Report on STRS
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Stratus Properties by 1.9% in 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 during the last quarter. Geode Capital Management LLC grew its position in Stratus Properties by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider's stock valued at $3,872,000 after acquiring an additional 1,393 shares during the period. Hodges Capital Management Inc. increased its stake in Stratus Properties by 9.3% during the fourth quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider's stock worth $3,863,000 after acquiring an additional 13,600 shares during the last quarter. State Street Corp increased its stake in Stratus Properties by 2.9% during 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. Finally, Tectonic Advisors LLC raised its holdings in shares of Stratus Properties by 12.4% in the 4th quarter. Tectonic Advisors LLC now owns 59,147 shares of the financial services provider's stock worth $1,430,000 after purchasing an additional 6,512 shares during the period. 61.63% of the stock is owned by hedge funds and other 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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