iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 39,886 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $19.01 per share, for a total transaction of $758,232.86. Following the completion of the acquisition, the insider now owns 5,531,957 shares in the company, valued at $105,162,502.57. The acquisition was disclosed in a document filed with the SEC, which is available at 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 Thursday, August 10th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $18.98 per share, for a total transaction of $757,036.28.
  • On Wednesday, August 9th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $18.93 per share, for a total transaction of $755,041.98.
  • On Tuesday, August 8th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $19.00 per share, for a total transaction of $757,834.00.
  • On Monday, August 7th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $18.94 per share, for a total transaction of $755,440.84.
  • On Friday, August 4th, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were bought at an average price of $18.76 per share, for a total transaction of $735,392.00.
  • On Thursday, August 3rd, Istar Inc. bought 36,936 shares of iStar Financial stock. The shares were bought at an average price of $18.95 per share, for a total transaction of $699,937.20.
  • On Wednesday, August 2nd, Istar Inc. acquired 35,892 shares of iStar Financial stock. The stock was acquired at an average price of $18.55 per share, for a total transaction of $665,796.60.
  • On Tuesday, August 1st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was acquired at an average price of $18.48 per share, for a total transaction of $724,416.00.
  • On Monday, July 31st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was acquired at an average price of $18.44 per share, for a total transaction of $722,848.00.
  • On Friday, July 28th, Istar Inc. acquired 49,809 shares of iStar Financial stock. The stock was acquired at an average price of $18.36 per share, for a total transaction of $914,493.24.

iStar Financial Inc. (NYSE STAR) traded down 0.25% on Friday, reaching $11.85. The company had a trading volume of 396,446 shares. The stock has a market capitalization of $855.45 million, a PE ratio of 6.45 and a beta of 1.29. iStar Financial Inc. has a 52-week low of $10.19 and a 52-week high of $12.83. The stock has a 50 day moving average price of $11.99 and a 200 day moving average price of $11.96.

iStar Financial (NYSE:STAR) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.87 by $0.63. The firm had revenue of $347.87 million for the quarter. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. Analysts expect that iStar Financial Inc. will post $3.14 EPS for the current year.

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A number of research analysts recently commented on STAR shares. ValuEngine upgraded iStar Financial from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. BidaskClub cut iStar Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a report on Friday, July 21st.

Several institutional investors have recently made changes to their positions in STAR. Russell Investments Group Ltd. bought a new position in shares of iStar Financial during the fourth quarter worth $299,000. Guggenheim Capital LLC raised its position in shares of iStar Financial by 208.7% in the fourth quarter. Guggenheim Capital LLC now owns 53,529 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 36,187 shares during the period. James Investment Research Inc. bought a new position in shares of iStar Financial during the first quarter worth $1,956,000. Loomis Sayles & Co. L P bought a new position in shares of iStar Financial during the first quarter worth $7,337,000. Finally, Vanguard Group Inc. raised its position in shares of iStar Financial by 2.2% in the first quarter. Vanguard Group Inc. now owns 11,136,556 shares of the real estate investment trust’s stock worth $131,411,000 after buying an additional 243,084 shares during the period. Institutional investors own 82.78% of the company’s stock.

About iStar Financial

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 Financial (NYSE:STAR)

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