istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 7,137 shares of istar stock in a transaction dated Monday, October 29th. The shares were bought at an average price of $17.57 per share, for a total transaction of $125,397.09. Following the completion of the transaction, the insider now directly owns 7,456,140 shares of the company’s stock, valued at approximately $131,004,379.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Istar Inc. also recently made the following trade(s):
- On Friday, October 26th, Istar Inc. bought 8,200 shares of istar stock. The shares were bought at an average price of $17.70 per share, for a total transaction of $145,140.00.
- On Thursday, September 13th, Istar Inc. bought 3,924 shares of istar stock. The shares were bought at an average price of $16.90 per share, for a total transaction of $66,315.60.
- On Thursday, September 6th, Istar Inc. bought 129,600 shares of istar stock. The shares were bought at an average price of $16.35 per share, for a total transaction of $2,118,960.00.
Shares of STAR stock traded up $0.04 during trading hours on Tuesday, reaching $10.44. 564,400 shares of the company were exchanged, compared to its average volume of 615,029. istar Inc has a fifty-two week low of $9.75 and a fifty-two week high of $11.88. The firm has a market capitalization of $705.51 million, a price-to-earnings ratio of 4.52 and a beta of 0.94. The company has a current ratio of 8.43, a quick ratio of 8.43 and a debt-to-equity ratio of 3.20.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in istar in the second quarter valued at approximately $147,000. Dynamic Technology Lab Private Ltd acquired a new position in istar in the first quarter valued at approximately $238,000. State of Alaska Department of Revenue acquired a new position in istar in the third quarter valued at approximately $249,000. First Hawaiian Bank acquired a new position in istar in the third quarter valued at approximately $266,000. Finally, Stevens Capital Management LP lifted its holdings in istar by 114.6% in the second quarter. Stevens Capital Management LP now owns 25,345 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 13,533 shares during the period. Institutional investors and hedge funds own 83.92% of the company’s stock.
STAR has been the topic of a number of research reports. ValuEngine upgraded shares of istar from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded shares of istar from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.00.
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.
Recommended Story: Bear Market – How and Why They Occur
Receive News & Ratings for istar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for istar and related companies with MarketBeat.com's FREE daily email newsletter.