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

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of $34.32 per share, with a total value of $257,400.00. Following the completion of the transaction, the insider now directly owns 27,181,662 shares in the company, valued at $932,874,639.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, October 4th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $33.58 per share, with a total value of $251,850.00.
  • On Wednesday, October 2nd, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $31.67 per share, with a total value of $237,525.00.
  • On Monday, September 30th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $30.35 per share, with a total value of $227,625.00.
  • On Friday, September 27th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $29.98 per share, with a total value of $224,850.00.
  • On Wednesday, September 25th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $29.91 per share, with a total value of $224,325.00.
  • On Monday, September 23rd, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $29.98 per share, with a total value of $224,850.00.
  • On Friday, September 20th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $29.65 per share, with a total value of $222,375.00.
  • On Wednesday, September 18th, Istar Inc. acquired 15,211 shares of istar stock. The shares were bought at an average price of $29.98 per share, with a total value of $456,025.78.
  • On Monday, September 16th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $30.28 per share, with a total value of $227,100.00.
  • On Friday, September 13th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $30.35 per share, with a total value of $227,625.00.

STAR traded down $0.16 during trading on Wednesday, hitting $12.73. The company’s stock had a trading volume of 287,400 shares, compared to its average volume of 674,323. The firm’s 50 day moving average price is $12.87 and its 200-day moving average price is $11.27. 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 stock has a market cap of $811.89 million, a PE ratio of -13.40 and a beta of 0.67. istar Inc has a twelve month low of $7.84 and a twelve month high of $13.75.



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

A number of institutional investors and hedge funds have recently modified their holdings of the business. 6 Meridian raised its holdings in istar by 2.3% in the 2nd quarter. 6 Meridian now owns 52,028 shares of the real estate investment trust’s stock valued at $646,000 after acquiring an additional 1,146 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of istar by 9.1% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 17,940 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 1,492 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of 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 valued at $41,000 after buying an additional 1,584 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of 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 valued at $177,000 after buying an additional 2,337 shares during the period. Finally, Swiss National Bank grew its stake in shares of istar by 2.3% during the 2nd quarter. Swiss National Bank now owns 126,800 shares of the real estate investment trust’s stock valued at $1,575,000 after buying an additional 2,900 shares during the period. Institutional investors own 90.35% of the company’s stock.

Several research analysts recently issued reports on the company. Zacks Investment Research upgraded istar from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday. TheStreet upgraded istar from a “d+” rating to a “c” rating in a report on Thursday, August 1st. Raymond James boosted their price target on istar from $12.50 to $17.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, ValuEngine downgraded istar from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.50.

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.

Further Reading: What does an outperform rating mean?

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

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