Oasis Management Co Ltd. Sells 10,000 Shares of Stratus Properties (NASDAQ:STRS) Stock

by · The Cerbat Gem

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 on Tuesday, May 26th. The shares were 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. The trade was a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 Thursday, May 7th, Oasis Management Co Ltd. sold 720 shares of Stratus Properties stock. The shares were 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 shares were 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 shares were 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 shares were 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 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 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.

Stratus Properties Stock Performance

Shares of STRS opened at $29.01 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.70 and a current ratio of 3.70. The stock has a 50 day moving average price of $29.87 and a two-hundred day moving average price of $27.35. The firm has a market capitalization of $231.50 million, a P/E ratio of 10.99 and a beta of 1.06. Stratus Properties Inc. has a 52 week low of $15.35 and a 52 week high of $32.93.

Stratus Properties (NASDAQ:STRS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter. The firm 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 firm earned ($0.36) earnings per share.

Wall Street Analysts Forecast Growth

STRS has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Stratus Properties from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Stratus Properties from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on Stratus Properties

Hedge Funds Weigh In On Stratus Properties

A number of hedge funds have recently bought and sold shares of STRS. Geode Capital Management LLC boosted its holdings in shares of Stratus Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 159,286 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 15,896 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Stratus Properties by 9.3% in the 4th quarter. Hodges Capital Management Inc. now owns 159,770 shares of the financial services provider’s stock worth $3,863,000 after buying an additional 13,600 shares during the last quarter. Rangeley Capital LLC purchased a new position in shares of Stratus Properties in the 1st quarter worth about $383,000. Nuveen LLC purchased a new position in shares of Stratus Properties in the 4th quarter worth about $206,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Stratus Properties by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 430,395 shares of the financial services provider’s stock worth $9,107,000 after buying an additional 7,994 shares during the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

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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