Dynamic Technology Lab Private Ltd Invests $294,000 in istar Inc (STAR) Stock

Dynamic Technology Lab Private Ltd acquired a new stake in shares of istar Inc (NYSE:STAR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,391 shares of the real estate investment trust’s stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in istar by 4.5% in the second quarter. Sterling Capital Management LLC now owns 191,300 shares of the real estate investment trust’s stock valued at $2,303,000 after purchasing an additional 8,275 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in istar by 2.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 144,505 shares of the real estate investment trust’s stock valued at $1,740,000 after acquiring an additional 2,950 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in istar by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 54,243 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 926 shares during the last quarter. State Street Corp boosted its position in istar by 4.2% during the second quarter. State Street Corp now owns 1,522,171 shares of the real estate investment trust’s stock valued at $18,321,000 after acquiring an additional 61,836 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in istar by 131.9% during the second quarter. Tudor Investment Corp ET AL now owns 24,370 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 13,862 shares during the last quarter. Institutional investors and hedge funds own 88.93% of the company’s stock.

Shares of istar Inc (NYSE STAR) traded down $0.01 during midday trading on Tuesday, reaching $11.30. 343,900 shares of the company traded hands, compared to its average volume of 483,123. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. The company has a market cap of $897.86, a PE ratio of 6.02 and a beta of 1.29. istar Inc has a twelve month low of $10.95 and a twelve month high of $12.83.

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STAR has been the topic of a number of research analyst reports. BidaskClub raised shares of istar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.00 price objective on shares of istar in a research report on Thursday, October 12th. TheStreet raised shares of istar from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine cut shares of istar from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.

In related news, major shareholder Istar Inc. purchased 14,948 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $17.81 per share, for a total transaction of $266,223.88. Following the purchase, the insider now directly owns 6,339,424 shares in the company, valued at approximately $112,905,141.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Gaden Western Wood purchased 139,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were bought at an average price of $0.28 per share, with a total value of $38,920.00. In the last quarter, insiders acquired 748,842 shares of company stock valued at $6,674,912. Company insiders own 4.41% of the company’s stock.

istar 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.

Institutional Ownership by Quarter for istar (NYSE:STAR)

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