istar Inc (STAR) Major Shareholder Istar Inc. Acquires 2,800 Shares

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istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 2,800 shares of the stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $25.74 per share, with a total value of $72,072.00. Following the completion of the acquisition, the insider now directly owns 7,819,921 shares in the company, valued at approximately $201,284,766.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, April 26th, Istar Inc. bought 2,689 shares of istar stock. The stock was purchased at an average price of $26.02 per share, with a total value of $69,967.78.
  • On Wednesday, April 24th, Istar Inc. bought 2,800 shares of istar stock. The stock was purchased at an average price of $24.71 per share, with a total value of $69,188.00.
  • On Monday, April 22nd, Istar Inc. bought 2,614 shares of istar stock. The stock was purchased at an average price of $23.07 per share, with a total value of $60,304.98.
  • On Wednesday, April 17th, Istar Inc. bought 2,700 shares of istar stock. The stock was purchased at an average price of $22.69 per share, with a total value of $61,263.00.
  • On Monday, April 15th, Istar Inc. bought 2,800 shares of istar stock. The stock was purchased at an average price of $23.14 per share, with a total value of $64,792.00.
  • On Friday, April 12th, Istar Inc. bought 2,522 shares of istar stock. The stock was purchased at an average price of $22.92 per share, with a total value of $57,804.24.
  • On Wednesday, April 10th, Istar Inc. bought 1,985 shares of istar stock. The stock was purchased at an average price of $22.44 per share, with a total value of $44,543.40.
  • On Monday, April 8th, Istar Inc. bought 2,800 shares of istar stock. The stock was purchased at an average price of $22.56 per share, with a total value of $63,168.00.
  • On Friday, April 5th, Istar Inc. bought 2,800 shares of istar stock. The stock was purchased at an average price of $22.29 per share, with a total value of $62,412.00.
  • On Wednesday, April 3rd, Istar Inc. bought 2,800 shares of istar stock. The stock was purchased at an average price of $22.39 per share, with a total value of $62,692.00.

Shares of NYSE STAR opened at $8.71 on Friday. The company has a debt-to-equity ratio of 3.41, a current ratio of 6.06 and a quick ratio of 6.06. The firm has a market cap of $577.54 million, a P/E ratio of -9.17 and a beta of 1.00. istar Inc has a 1-year low of $7.84 and a 1-year high of $11.44.

istar (NYSE:STAR) last issued its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.22. istar had a negative return on equity of 1.90% and a negative net margin of 4.04%. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, equities analysts forecast that istar Inc will post -0.7 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan purchased a new stake in shares of istar during the 4th quarter worth $180,000. Vanguard Group Inc raised its stake in istar by 6.4% in the third quarter. Vanguard Group Inc now owns 9,988,284 shares of the real estate investment trust’s stock valued at $111,570,000 after buying an additional 603,017 shares during the last quarter. Prudential Financial Inc. raised its stake in istar by 73.7% in the fourth quarter. Prudential Financial Inc. now owns 524,734 shares of the real estate investment trust’s stock valued at $4,812,000 after buying an additional 222,710 shares during the last quarter. Rhumbline Advisers raised its stake in istar by 19.1% in the fourth quarter. Rhumbline Advisers now owns 204,426 shares of the real estate investment trust’s stock valued at $1,875,000 after buying an additional 32,835 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in istar by 34.6% in the third quarter. AQR Capital Management LLC now owns 246,098 shares of the real estate investment trust’s stock valued at $2,749,000 after buying an additional 63,260 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

A number of equities research analysts recently weighed in on STAR shares. Zacks Investment Research upgraded istar from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. JMP Securities cut istar from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded istar from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

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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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