istar Inc (NYSE:STAR) Major Shareholder Istar Inc. Buys 7,500 Shares

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 7,500 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of $29.91 per share, for a total transaction of $224,325.00. Following the purchase, the insider now owns 27,114,162 shares in the company, valued at approximately $810,984,585.42. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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 Monday, September 23rd, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $29.98 per share, for a total transaction of $224,850.00.
  • On Friday, September 20th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $29.65 per share, for a total transaction of $222,375.00.
  • On Wednesday, September 18th, Istar Inc. bought 15,211 shares of istar stock. The stock was acquired at an average cost of $29.98 per share, for a total transaction of $456,025.78.
  • On Monday, September 16th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $30.28 per share, for a total transaction of $227,100.00.
  • On Friday, September 13th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $30.35 per share, for a total transaction of $227,625.00.
  • On Wednesday, September 11th, Istar Inc. bought 34,946 shares of istar stock. The stock was acquired at an average cost of $28.38 per share, for a total transaction of $991,767.48.
  • On Monday, September 9th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $27.09 per share, for a total transaction of $203,175.00.
  • On Friday, September 6th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $28.02 per share, for a total transaction of $210,150.00.
  • On Wednesday, September 4th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $28.96 per share, for a total transaction of $217,200.00.
  • On Wednesday, August 28th, Istar Inc. bought 7,500 shares of istar stock. The stock was acquired at an average cost of $29.09 per share, for a total transaction of $218,175.00.

istar stock traded up $0.08 during midday trading on Wednesday, hitting $13.21. 350,107 shares of the stock were exchanged, compared to its average volume of 692,900. istar Inc has a 1 year low of $7.84 and a 1 year high of $13.75. The firm has a market cap of $807.54 million, a P/E ratio of -13.91 and a beta of 0.69. The company has a debt-to-equity ratio of 2.35, a current ratio of 3.59 and a quick ratio of 3.59. The company has a 50 day moving average price of $12.90 and a two-hundred day moving average price of $10.96.



istar (NYSE:STAR) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $4.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $4.85. istar had a net margin of 52.01% and a return on equity of 22.16%. The firm had revenue of $98.47 million for the quarter, compared to the consensus estimate of $97.50 million. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, analysts predict that istar Inc will post 3.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.03%. The ex-dividend date was Wednesday, August 14th. istar’s dividend payout ratio (DPR) is -42.11%.

A number of equities analysts have recently commented on the stock. TheStreet raised shares of istar from a “d+” rating to a “c” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of istar from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. ValuEngine downgraded shares of istar from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Raymond James lifted their price target on shares of istar from $12.50 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.50.

A number of institutional investors have recently added to or reduced their stakes in STAR. Public Employees Retirement System of Ohio increased its stake in istar by 94.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,270 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,584 shares during the period. 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 buying an additional 3,529 shares during the period. Bank of Montreal Can increased its position in shares of istar by 870.1% in the 2nd quarter. Bank of Montreal Can now owns 5,743 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 5,151 shares during the last quarter. Anderson Fisher LLC bought a new stake in shares of istar in the 2nd quarter worth about $82,000. Finally, Optimum Investment Advisors bought a new stake in shares of istar in the 2nd quarter worth about $103,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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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