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

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average price of $17.91 per share, with a total value of $447,750.00. Following the completion of the purchase, the insider now owns 7,009,803 shares in the company, valued at $125,545,571.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock 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. bought 24,254 shares of istar stock. The stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price 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 stock was purchased at an average price of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. bought 24,646 shares of istar stock. The stock was purchased at an average price of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. bought 25,000 shares of istar stock. The stock was purchased at an average price of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. bought 24,031 shares of istar stock. The stock was purchased at an average price of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. bought 24,047 shares of istar stock. The stock was purchased at an average price 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 stock was purchased at an average price of $18.08 per share, with a total value of $197,740.96.
  • On Monday, December 18th, Istar Inc. bought 10,000 shares of istar stock. The stock was purchased at an average price of $18.17 per share, with a total value of $181,700.00.

istar Inc (NYSE:STAR) opened at $11.30 on Friday. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76. The firm has a market cap of $770.66, a price-to-earnings ratio of 6.01 and a beta of 1.26. istar Inc has a 12-month low of $10.95 and a 12-month high of $12.68.

istar declared that its board has authorized a share buyback program on Thursday, December 14th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of istar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price objective on shares of istar in a research report on Thursday, October 12th. TheStreet cut shares of istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. Finally, ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

A number of large investors have recently bought and sold shares of STAR. Quantbot Technologies LP raised its position in shares of istar by 410.1% in the second quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 6,874 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of istar in the third quarter valued at about $108,000. BNP Paribas Arbitrage SA raised its position in shares of istar by 160.6% in 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 buying an additional 7,356 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of istar in the second quarter valued at about $147,000. Finally, Magnetar Financial LLC acquired a new stake in shares of istar in the third quarter valued at about $154,000. Institutional investors own 87.49% of the company’s stock.

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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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