Istar Inc. Acquires 7,137 Shares of istar Inc (STAR) Stock

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.

istar (NYSE:STAR) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. istar had a net margin of 11.28% and a return on equity of 9.50%. The business had revenue of $171.57 million for the quarter, compared to analyst estimates of $119.30 million. During the same period in the prior year, the business posted $2.28 earnings per share. istar’s revenue was down 50.7% compared to the same quarter last year. On average, equities research analysts forecast that istar Inc will post 2.74 earnings per share for the current fiscal year.

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.

About istar

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.

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Insider Buying and Selling by Quarter for istar (NYSE:STAR)

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