istar (STAR) Set to Announce Earnings on Monday

istar (NYSE:STAR) is scheduled to be posting its quarterly earnings results before the market opens on Monday, February 26th. Analysts expect istar to post earnings of $0.40 per share for the quarter.

Shares of istar (NYSE:STAR) opened at $10.40 on Friday. The stock has a market cap of $705.87, a PE ratio of 11.42 and a beta of 1.02. istar has a fifty-two week low of $9.75 and a fifty-two week high of $12.68. The company has a debt-to-equity ratio of 4.76, a current ratio of 6.50 and a quick ratio of 6.50.

istar announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase 50,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Several analysts recently issued reports on the stock. TheStreet lowered shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.00.

In other news, major shareholder Istar Inc. bought 5,100 shares of the company’s stock in a transaction on Monday, November 27th. The stock was bought at an average cost of $18.62 per share, with a total value of $94,962.00. Following the transaction, the insider now directly owns 6,426,225 shares in the company, valued at approximately $119,656,309.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dale Ann Reiss sold 17,595 shares of istar stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $11.70, for a total value of $205,861.50. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 513,933 shares of company stock worth $9,198,798. 4.41% of the stock is owned by insiders.

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About istar

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.

Earnings History for istar (NYSE:STAR)

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