istar Inc (STAR) Major Shareholder Purchases $447,750.00 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 25,000 shares of the stock in a transaction dated Wednesday, January 10th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $447,750.00. Following the acquisition, the insider now owns 7,009,803 shares of the company’s stock, valued at $125,545,571.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, January 29th, Istar Inc. acquired 10,340 shares of istar stock. The shares were bought at an average cost of $17.74 per share, for a total transaction of $183,431.60.
  • On Friday, January 26th, Istar Inc. acquired 23,941 shares of istar stock. The shares were bought at an average cost of $17.83 per share, for a total transaction of $426,868.03.
  • On Wednesday, January 24th, Istar Inc. bought 15,053 shares of istar stock. The shares were acquired at an average price of $17.92 per share, with a total value of $269,749.76.
  • On Monday, January 22nd, Istar Inc. bought 25,000 shares of istar stock. The shares were acquired at an average price of $17.74 per share, with a total value of $443,500.00.
  • On Thursday, January 18th, Istar Inc. acquired 24,497 shares of istar stock. The stock was purchased at an average cost of $17.83 per share, with a total value of $436,781.51.
  • On Tuesday, January 16th, Istar Inc. acquired 25,000 shares of istar stock. The stock was purchased at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Friday, January 12th, Istar Inc. acquired 25,000 shares of istar stock. The stock was purchased at an average cost of $17.97 per share, with a total value of $449,250.00.
  • On Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The stock was purchased at an average cost of $17.94 per share, with a total value of $435,116.76.
  • On Thursday, January 4th, Istar Inc. acquired 10,166 shares of istar stock. The stock was purchased at an average cost of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. acquired 25,000 shares of istar stock. The stock was purchased at an average cost of $17.96 per share, with a total value of $449,000.00.

Shares of istar Inc (NYSE:STAR) opened at $10.40 on Friday. The stock has a market cap of $841.26, a P/E ratio of -19.62 and a beta of 1.02. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. istar Inc has a 52 week low of $10.38 and a 52 week high of $12.68.

istar (NYSE:STAR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.09) earnings per share for the quarter. istar had a net margin of 24.13% and a return on equity of 19.57%.

istar announced that its board has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase 50,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

STAR has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of istar from a “buy” rating to a “hold” rating in a report on Friday. TheStreet downgraded shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. BidaskClub downgraded shares of istar from a “sell” rating to a “strong sell” rating in a report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 target price on shares of istar in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of istar by 76.7% during the fourth quarter. American Century Companies Inc. now owns 586,065 shares of the real estate investment trust’s stock worth $6,623,000 after purchasing an additional 254,387 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of istar during the fourth quarter worth $144,000. Chicago Equity Partners LLC raised its holdings in shares of istar by 89.7% during the fourth quarter. Chicago Equity Partners LLC now owns 145,285 shares of the real estate investment trust’s stock worth $1,642,000 after purchasing an additional 68,705 shares during the period. James Investment Research Inc. raised its holdings in shares of istar by 14.8% during the fourth quarter. James Investment Research Inc. now owns 77,980 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 10,070 shares during the period. Finally, 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 worth $2,988,000 after purchasing an additional 88,730 shares during the period. 86.89% of the stock is currently owned by hedge funds and other institutional investors.

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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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