istar Inc (NYSE:STAR) Major Shareholder Purchases $157,272.50 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 4,730 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $33.25 per share, with a total value of $157,272.50. Following the transaction, the insider now directly owns 20,758,893 shares of the company’s stock, valued at $690,233,192.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 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, July 31st, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $33.19 per share, with a total value of $165,950.00.
  • On Monday, July 29th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $33.81 per share, with a total value of $169,050.00.
  • On Friday, July 26th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $33.21 per share, with a total value of $166,050.00.
  • On Wednesday, July 24th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $33.17 per share, with a total value of $165,850.00.
  • On Monday, July 22nd, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $33.00 per share, with a total value of $165,000.00.
  • On Friday, July 19th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $33.21 per share, with a total value of $166,050.00.
  • On Wednesday, July 17th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $31.77 per share, with a total value of $158,850.00.
  • On Monday, July 15th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $32.41 per share, with a total value of $162,050.00.
  • On Friday, July 12th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $32.56 per share, with a total value of $162,800.00.
  • On Wednesday, July 10th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $32.73 per share, with a total value of $163,650.00.

Shares of STAR opened at $13.33 on Monday. The stock has a market capitalization of $872.72 million, a P/E ratio of -14.03 and a beta of 0.69. istar Inc has a one year low of $7.84 and a one year high of $13.75. The company has a debt-to-equity ratio of 2.35, a current ratio of 3.59 and a quick ratio of 3.68. The company has a 50-day simple moving average of $12.53.

istar (NYSE:STAR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $4.85. The firm 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 quarter in the prior year, the business posted $0.55 earnings per share. Sell-side analysts anticipate that istar Inc will post -0.93 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of istar by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock worth $6,477,000 after purchasing an additional 30,935 shares during the period. Principal Financial Group Inc. lifted its stake in shares of istar by 1.4% in the 4th quarter. Principal Financial Group Inc. now owns 556,743 shares of the real estate investment trust’s stock worth $5,105,000 after purchasing an additional 7,947 shares during the period. Bank of America Corp DE lifted its stake in shares of istar by 14.7% in the 4th quarter. Bank of America Corp DE now owns 270,335 shares of the real estate investment trust’s stock worth $2,479,000 after purchasing an additional 34,683 shares during the period. MML Investors Services LLC bought a new position in shares of istar in the 4th quarter worth approximately $92,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of istar by 322.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 20,151 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 15,379 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised istar from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a research report on Wednesday, July 31st. Raymond James upped their target price on istar from $12.50 to $17.00 and gave the stock an “outperform” rating in a research report on Friday. TheStreet raised istar from a “d+” rating to a “c” rating in a research report on Thursday. Finally, ValuEngine downgraded istar from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price 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.

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

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