istar Inc (STAR) Major Shareholder Istar Inc. Acquires 10,166 Shares

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 10,166 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was acquired at an average price of $18.04 per share, for a total transaction of $183,394.64. Following the completion of the purchase, the insider now directly owns 6,937,810 shares of the company’s stock, valued at approximately $125,158,092.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Monday, January 8th, Istar Inc. purchased 24,254 shares of istar stock. The shares were purchased at an average price of $17.94 per share, for a total transaction of $435,116.76.
  • On Tuesday, January 2nd, Istar Inc. purchased 25,000 shares of istar stock. The shares were purchased at an average price of $17.96 per share, for a total transaction of $449,000.00.
  • On Saturday, December 29th, Istar Inc. purchased 24,441 shares of istar stock. The shares were purchased at an average price of $17.70 per share, for a total transaction of $432,605.70.
  • On Thursday, December 27th, Istar Inc. purchased 24,646 shares of istar stock. The shares were purchased at an average price of $17.75 per share, for a total transaction of $437,466.50.
  • On Thursday, December 28th, Istar Inc. purchased 25,000 shares of istar stock. The shares were purchased at an average price of $17.87 per share, for a total transaction of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. purchased 24,031 shares of istar stock. The shares were purchased at an average price of $17.73 per share, for a total transaction of $426,069.63.
  • On Friday, December 22nd, Istar Inc. purchased 24,047 shares of istar stock. The shares were purchased at an average price of $17.75 per share, for a total transaction of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. purchased 10,937 shares of istar stock. The shares were purchased at an average price of $18.08 per share, for a total transaction of $197,740.96.
  • On Monday, December 18th, Istar Inc. purchased 10,000 shares of istar stock. The shares were purchased at an average price of $18.17 per share, for a total transaction of $181,700.00.
  • On Friday, December 15th, Istar Inc. purchased 17,749 shares of istar stock. The shares were purchased at an average price of $18.01 per share, for a total transaction of $319,659.49.

Shares of istar Inc (STAR) opened at $11.27 on Tuesday. 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 firm has a market capitalization of $894.79, a P/E ratio of -21.26 and a beta of 1.26. istar Inc has a 1-year low of $10.95 and a 1-year high of $12.68.

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

Several equities analysts recently issued reports on the company. BidaskClub upgraded istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of istar in a research note on Thursday, October 12th. TheStreet lowered 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its holdings in istar by 410.1% during the second quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 6,874 shares in the last quarter. Schroder Investment Management Group acquired a new stake in istar during the third quarter valued at approximately $108,000. BNP Paribas Arbitrage SA boosted its holdings in istar by 160.6% during the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 7,356 shares in the last quarter. Stevens Capital Management LP acquired a new stake in istar during the second quarter valued at approximately $147,000. Finally, Magnetar Financial LLC acquired a new stake in istar during the third quarter valued at approximately $154,000. 87.49% of the stock is currently owned by 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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