Key Points
- Oasis Management Co Ltd., a >10% Stratus shareholder, sold 10,000 STRS shares on May 4 at $29.71—reducing its stake to 981,849 shares (a 1.01% drop)—and has executed multiple large sales across April, including 44,323 and 29,788-share transactions.
- STRS is trading near $29.90 with a market cap of about $238.9M and a P/E of ~20.5, sitting close to its 50-day moving average (~$30.39) and well above its 52-week low of $15.35.
- Analysts’ consensus is an average "Hold" after recent rating changes, and institutional investors (hedge funds and others) own roughly 61.63% of the stock.
Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $29.71, for a total value of $297,100.00. Following the transaction, the insider owned 981,849 shares of the company's stock, valued at approximately $29,170,733.79. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Oasis Management Co Ltd. also recently made the following trade(s):
- 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 stock was sold at an average price of $30.19, for a total value 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 value 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 value 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 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 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 shares were sold at an average price of $30.17, for a total value of $283,598.00.
Stratus Properties Trading Up 0.8%
Shares of Stratus Properties stock opened at $29.92 on Thursday. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.41. The firm has a market cap of $238.85 million, a price-to-earnings ratio of 20.49 and a beta of 1.06. The business has a fifty day simple moving average of $30.39 and a 200-day simple moving average of $26.21. Stratus Properties Inc. has a fifty-two week low of $15.35 and a fifty-two week high of $32.93.
Stratus Properties (NASDAQ:STRS - Get Free Report) last announced its quarterly earnings data on Friday, March 27th. The financial services provider reported $2.41 earnings per share for the quarter. The business had revenue of $8.30 million during the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.
Institutional Investors Weigh In On Stratus Properties
Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Stratus Properties by 84.7% during the third quarter. BNP Paribas Financial Markets now owns 1,265 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 580 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 valued at $46,000 after purchasing an additional 1,904 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Stratus Properties during the fourth quarter valued at $93,000. Wells Fargo & Company MN lifted its holdings in shares of Stratus Properties by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider's stock valued at $181,000 after purchasing an additional 2,367 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 1,985 shares during the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently weighed in on STRS shares. Wall Street Zen lowered Stratus Properties from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".
View Our Latest Stock Analysis on STRS
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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