istar Inc (STAR) Major Shareholder Purchases $426,069.63 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 24,031 shares of istar stock in a transaction on Tuesday, December 26th. The stock was purchased at an average cost of $17.73 per share, for a total transaction of $426,069.63. Following the purchase, the insider now owns 6,757,310 shares in the company, valued at $119,807,106.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 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 Wednesday, January 10th, Istar Inc. acquired 25,000 shares of istar stock. The shares were acquired at an average price of $17.91 per share, with a total value of $447,750.00.
  • On Monday, January 8th, Istar Inc. bought 24,254 shares of istar stock. The shares were purchased at an average cost of $17.94 per share, with a total value of $435,116.76.
  • On Thursday, January 4th, Istar Inc. bought 10,166 shares of istar stock. The shares were purchased at an average cost of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The shares were purchased at an average cost of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. bought 24,441 shares of istar stock. The shares were purchased at an average cost of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. purchased 24,646 shares of istar stock. The stock was bought at an average cost of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. purchased 25,000 shares of istar stock. The stock was bought at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Friday, December 22nd, Istar Inc. purchased 24,047 shares of istar stock. The stock was bought at an average cost of $17.75 per share, with a total value of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. bought 10,937 shares of istar stock. The shares were acquired at an average cost of $18.08 per share, for a total transaction of $197,740.96.
  • On Monday, December 18th, Istar Inc. bought 10,000 shares of istar stock. The shares were acquired at an average cost of $18.17 per share, for a total transaction of $181,700.00.

istar Inc (NYSE:STAR) opened at $11.42 on Friday. istar Inc has a 1 year low of $10.95 and a 1 year high of $12.68. The stock has a market capitalization of $907.40, a P/E ratio of -21.55 and a beta of 1.26. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76.

istar declared that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors have recently made changes to their positions in the business. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of istar by 50.5% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 264,458 shares of the real estate investment trust’s stock valued at $2,988,000 after acquiring an additional 88,730 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of istar by 21.9% during the third quarter. GSA Capital Partners LLP now owns 36,154 shares of the real estate investment trust’s stock valued at $427,000 after acquiring an additional 6,498 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of istar by 8.8% in the third quarter. Sterling Capital Management LLC now owns 208,155 shares of the real estate investment trust’s stock valued at $2,456,000 after purchasing an additional 16,855 shares during the last quarter. Claar Advisors LLC increased its holdings in shares of istar by 62.8% in the third quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock valued at $9,735,000 after purchasing an additional 318,194 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of istar in the third quarter valued at approximately $154,000. 87.49% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on STAR shares. BidaskClub upgraded istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price target on shares of istar in a research note on Thursday, October 12th. TheStreet downgraded istar from a “c” rating to a “d” rating in a research note on Friday, November 17th. Finally, ValuEngine upgraded istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. One equities research 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. istar has an average rating of “Hold” and an average target price of $14.00.

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istar Company Profile

iStar Inc finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.

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

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