Istar Inc. Purchases 5,000 Shares of istar Inc (NYSE:STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 5,000 shares of the stock in a transaction on Friday, July 12th. The stock was bought at an average price of $32.56 per share, for a total transaction of $162,800.00. Following the completion of the transaction, the insider now directly owns 20,635,054 shares of the company’s stock, valued at $671,877,358.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 15th, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $32.41 per share, for a total transaction of $162,050.00.
  • On Wednesday, July 10th, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $32.73 per share, for a total transaction of $163,650.00.
  • On Monday, July 8th, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $31.53 per share, for a total transaction of $157,650.00.
  • On Friday, July 5th, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $31.08 per share, for a total transaction of $155,400.00.
  • On Wednesday, July 3rd, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $30.95 per share, for a total transaction of $154,750.00.
  • On Monday, July 1st, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $30.11 per share, for a total transaction of $150,550.00.
  • On Friday, June 28th, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $29.67 per share, for a total transaction of $148,350.00.
  • On Wednesday, June 26th, Istar Inc. purchased 5,000 shares of istar stock. The stock was bought at an average price of $28.20 per share, for a total transaction of $141,000.00.
  • On Monday, June 24th, Istar Inc. purchased 4,644 shares of istar stock. The stock was bought at an average price of $28.73 per share, for a total transaction of $133,422.12.
  • On Friday, June 21st, Istar Inc. purchased 4,826 shares of istar stock. The stock was bought at an average price of $28.50 per share, for a total transaction of $137,541.00.

istar stock opened at $12.69 on Friday. The company has a current ratio of 3.68, a quick ratio of 3.68 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $825.49 million, a price-to-earnings ratio of -13.36 and a beta of 0.70. The business has a fifty day simple moving average of $12.12. istar Inc has a 52 week low of $7.84 and a 52 week high of $12.93.



istar (NYSE:STAR) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.05). The business had revenue of $106.80 million during the quarter, compared to analyst estimates of $125.90 million. istar had a negative return on equity of 5.87% and a negative net margin of 14.17%. istar’s revenue for the quarter was down 70.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities analysts forecast that istar Inc will post -0.93 EPS for the current year.

A number of institutional investors have recently bought and sold shares of STAR. Versant Capital Management Inc increased its stake in istar by 3,459.8% during the 2nd quarter. Versant Capital Management Inc now owns 3,631 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 3,529 shares during the period. 6 Meridian increased its stake in istar by 2.3% during the 2nd quarter. 6 Meridian now owns 52,028 shares of the real estate investment trust’s stock worth $646,000 after acquiring an additional 1,146 shares during the period. Nisa Investment Advisors LLC increased its stake in istar by 19.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,212 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 2,337 shares during the period. Wiley BROS. Aintree Capital LLC increased its stake in istar by 66.7% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 25,000 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 10,000 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in istar by 8.1% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 623,173 shares of the real estate investment trust’s stock worth $7,740,000 after acquiring an additional 46,688 shares during the period. 90.49% of the stock is currently owned by institutional investors.

STAR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Raymond James reiterated a “buy” rating on shares of Tamarack-Valley-Energy in a research report on Tuesday, May 28th.

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.

See Also: What is the Quick Ratio?

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

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.