Stevens Capital Management LP increased its position in shares of iStar Financial Inc. (NYSE:STAR) by 142.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,663 shares of the real estate investment trust’s stock after acquiring an additional 17,413 shares during the quarter. Stevens Capital Management LP’s holdings in iStar Financial were worth $350,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Real Estate Management Services LLC boosted its position in iStar Financial by 3.5% during the third quarter. Real Estate Management Services LLC now owns 2,393,502 shares of the real estate investment trust’s stock worth $28,243,000 after acquiring an additional 80,002 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in iStar Financial by 5.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 153,003 shares of the real estate investment trust’s stock worth $1,805,000 after acquiring an additional 8,498 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in iStar Financial during the third quarter worth approximately $362,000. Fondren Management LP acquired a new stake in iStar Financial during the second quarter worth approximately $361,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in iStar Financial during the second quarter worth approximately $294,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.
In related news, major shareholder Istar Inc. purchased 29,865 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $19.39 per share, with a total value of $579,082.35. Following the completion of the purchase, the insider now directly owns 5,805,264 shares in the company, valued at approximately $112,564,068.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Gaden Western Wood purchased 139,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were bought at an average cost of $0.28 per share, for a total transaction of $38,920.00. In the last 90 days, insiders have purchased 724,481 shares of company stock worth $6,168,469. 4.41% of the stock is owned by company insiders.
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Shares of iStar Financial Inc. (NYSE STAR) opened at $11.24 on Monday. iStar Financial Inc. has a 1 year low of $10.95 and a 1 year high of $12.83. The stock has a market cap of $766.57, a P/E ratio of 5.98 and a beta of 1.30. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50.
About iStar Financial
iStar Inc finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.
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