Key Points
- Oasis Management Co Ltd., Stratus Properties’ major shareholder, sold 10,000 shares on May 26 at an average price of $29.05, reducing its stake by about 1.02% to 971,129 shares.
- The filing follows a series of recent insider sales by Oasis Management in April and May, indicating continued trimming of its position in STRS.
- Stratus Properties stock was up 0.8% and the company recently reported quarterly EPS of $0.82, compared with a loss of $0.36 a year earlier; Wall Street currently has a Hold consensus rating on the stock.
Stratus Properties Inc. (NASDAQ:STRS - Get Free Report) major shareholder Oasis Management Co Ltd. sold 10,000 shares of Stratus Properties stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $29.05, for a total transaction of $290,500.00. Following the completion of the sale, the insider directly owned 971,129 shares of the company's stock, valued at approximately $28,211,297.45. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major 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 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 transaction 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 transaction 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 transaction 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 transaction 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 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.
- 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 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.
Stratus Properties Stock Up 0.8%
STRS opened at $29.00 on Thursday. 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 Inc. has a 1-year low of $15.35 and a 1-year high of $32.93. The company has a market capitalization of $231.42 million, a PE ratio of 10.98 and a beta of 1.06. The firm's 50 day simple moving average is $29.89 and its two-hundred day simple moving average is $27.28.
Stratus Properties (NASDAQ:STRS - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share 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 quarter in the previous year, the business posted ($0.36) earnings per share.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in STRS. BNP Paribas Financial Markets lifted 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 lifted its holdings in Stratus Properties by 348.1% in 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. MetLife Investment Management LLC purchased a new position in Stratus Properties in the 4th quarter worth approximately $93,000. JPMorgan Chase & Co. lifted its holdings in Stratus Properties by 30.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,465 shares of the financial services provider's stock worth $179,000 after purchasing an additional 1,985 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Stratus Properties by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider's stock worth $181,000 after purchasing an additional 2,367 shares in the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Stratus Properties from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Stratus Properties from a "sell (d)" rating to a "hold (c-)" rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Stratus Properties currently has a consensus rating of "Hold".
Get Our Latest Analysis on Stratus Properties
Stratus Properties Company Profile
(
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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