istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 21,900 shares of the stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of $17.86 per share, with a total value of $391,134.00. Following the purchase, the insider now directly owns 6,561,300 shares of the company’s stock, valued at $117,184,818. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major 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, December 8th, Istar Inc. bought 19,962 shares of istar stock. The shares were purchased at an average cost of $17.90 per share, with a total value of $357,319.80.
  • On Monday, December 4th, Istar Inc. bought 21,075 shares of istar stock. The shares were purchased at an average cost of $18.02 per share, with a total value of $379,771.50.
  • On Friday, December 1st, Istar Inc. bought 9,785 shares of istar stock. The shares were purchased at an average cost of $18.13 per share, with a total value of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. bought 6,773 shares of istar stock. The shares were purchased at an average cost of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. acquired 5,100 shares of istar stock. The shares were bought at an average cost of $18.62 per share, with a total value of $94,962.00.
  • On Friday, November 24th, Istar Inc. acquired 4,549 shares of istar stock. The shares were bought at an average cost of $18.62 per share, with a total value of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The shares were bought at an average cost of $18.57 per share, with a total value of $182,988.78.
  • On Monday, November 20th, Istar Inc. acquired 10,000 shares of istar stock. The shares were bought at an average cost of $18.31 per share, with a total value of $183,100.00.
  • On Friday, November 17th, Istar Inc. bought 9,160 shares of istar stock. The stock was purchased at an average price of $18.22 per share, for a total transaction of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. bought 15,700 shares of istar stock. The stock was purchased at an average price of $17.92 per share, for a total transaction of $281,344.00.

istar Inc (NYSE:STAR) opened at $11.32 on Monday. istar Inc has a 52 week low of $10.95 and a 52 week high of $12.75. The firm has a market capitalization of $772.02, a price-to-earnings ratio of 6.02 and a beta of 1.26. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50.

Several institutional investors have recently made changes to their positions in STAR. Private Management Group Inc. increased its position in shares of istar by 332.3% during the 3rd quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock valued at $6,249,000 after purchasing an additional 407,069 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of istar during the 2nd quarter valued at $4,648,000. Balyasny Asset Management LLC purchased a new stake in shares of istar during the 2nd quarter valued at $4,188,000. American Century Companies Inc. purchased a new stake in shares of istar during the 3rd quarter valued at $3,914,000. Finally, Claar Advisors LLC increased its position in shares of istar by 62.8% during the 3rd quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock valued at $9,735,000 after purchasing an additional 318,194 shares during the last quarter. 87.49% of the stock is owned by hedge funds and other institutional investors.

STAR has been the topic of a number of recent research reports. TheStreet upgraded istar from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price objective on shares of istar in a research note on Thursday, August 31st. Finally, BidaskClub upgraded istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.00.

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About istar

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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