Insider Buying: istar Inc (NYSE:STAR) Major Shareholder Purchases $154,750.00 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 5,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were acquired at an average cost of $30.95 per share, for a total transaction of $154,750.00. Following the completion of the transaction, the insider now directly owns 20,605,054 shares in the company, valued at approximately $637,726,421.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Monday, July 8th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $31.53 per share, for a total transaction of $157,650.00.
  • On Friday, July 5th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $31.08 per share, for a total transaction of $155,400.00.
  • On Monday, July 1st, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $30.11 per share, for a total transaction of $150,550.00.
  • On Friday, June 28th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $29.67 per share, for a total transaction of $148,350.00.
  • On Wednesday, June 26th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $28.20 per share, for a total transaction of $141,000.00.
  • On Monday, June 24th, Istar Inc. acquired 4,644 shares of istar stock. The shares were acquired at an average cost of $28.73 per share, for a total transaction of $133,422.12.
  • On Friday, June 21st, Istar Inc. acquired 4,826 shares of istar stock. The shares were acquired at an average cost of $28.50 per share, for a total transaction of $137,541.00.
  • On Wednesday, June 19th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $28.70 per share, for a total transaction of $143,500.00.
  • On Monday, June 17th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $29.16 per share, for a total transaction of $145,800.00.
  • On Friday, June 14th, Istar Inc. acquired 5,000 shares of istar stock. The shares were acquired at an average cost of $29.71 per share, for a total transaction of $148,550.00.

Shares of NYSE:STAR opened at $12.81 on Thursday. The stock has a market capitalization of $832.56 million, a P/E ratio of -13.48 and a beta of 0.70. The company has a 50-day moving average price of $11.64. The company has a current ratio of 3.68, a quick ratio of 3.68 and a debt-to-equity ratio of 3.07. istar Inc has a fifty-two week low of $7.84 and a fifty-two week high of $12.93.



istar (NYSE:STAR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.05). The firm had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $125.90 million. istar had a negative net margin of 14.17% and a negative return on equity of 5.87%. The firm’s revenue was down 70.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, sell-side analysts forecast that istar Inc will post -0.93 earnings per share for the current fiscal year.

Several research analysts have issued reports on the stock. Raymond James reissued a “buy” rating on shares of Tamarack-Valley-Energy in a research report on Tuesday, May 28th. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, June 8th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Large investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan purchased a new stake in shares of istar in the fourth quarter valued at about $180,000. Prudential Financial Inc. boosted its holdings in shares of istar by 73.7% in the fourth quarter. Prudential Financial Inc. now owns 524,734 shares of the real estate investment trust’s stock valued at $4,812,000 after acquiring an additional 222,710 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of istar by 21.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 576,485 shares of the real estate investment trust’s stock valued at $4,854,000 after acquiring an additional 102,363 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of istar by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock valued at $6,477,000 after acquiring an additional 30,935 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of istar in the fourth quarter valued at about $7,982,000. 90.37% of the stock is currently owned by institutional investors and hedge funds.

istar Company Profile

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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