istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 22,436 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $17.83 per share, with a total value of $400,033.88. Following the transaction, the insider now owns 6,596,090 shares of the company’s stock, valued at approximately $117,608,284.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Friday, December 15th, Istar Inc. bought 17,749 shares of istar stock. The shares were bought at an average cost of $18.01 per share, with a total value of $319,659.49.
  • On Wednesday, December 13th, Istar Inc. bought 12,800 shares of istar stock. The shares were bought at an average cost of $18.15 per share, with a total value of $232,320.00.
  • On Friday, December 8th, Istar Inc. acquired 19,962 shares of istar stock. The shares were acquired at an average cost of $17.90 per share, with a total value of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. acquired 21,900 shares of istar stock. The shares were acquired at an average cost of $17.86 per share, with a total value of $391,134.00.
  • On Monday, December 4th, Istar Inc. acquired 21,075 shares of istar stock. The shares were acquired at an average cost of $18.02 per share, with a total value of $379,771.50.
  • On Friday, December 1st, Istar Inc. acquired 9,785 shares of istar stock. The shares were acquired at an average cost of $18.13 per share, with a total value of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. purchased 6,773 shares of istar stock. The stock was purchased at an average cost of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. purchased 5,100 shares of istar stock. The stock was purchased 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 stock was bought at an average price of $18.62 per share, for a total transaction of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The stock was bought at an average price of $18.57 per share, for a total transaction of $182,988.78.

istar Inc (STAR) opened at $11.51 on Friday. istar Inc has a 52-week low of $10.95 and a 52-week high of $12.74. 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 stock has a market cap of $765.89, a price-to-earnings ratio of 5.97 and a beta of 1.26.

istar announced that its board has approved a stock buyback program on Thursday, December 14th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of research firms have issued reports on STAR. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub raised shares of istar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. TheStreet raised shares of istar from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of istar in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.

Several hedge funds have recently added to or reduced their stakes in the company. Real Estate Management Services LLC lifted its stake in shares of istar by 3.5% in the third quarter. Real Estate Management Services LLC now owns 2,393,502 shares of the real estate investment trust’s stock valued at $28,243,000 after purchasing an additional 80,002 shares during the period. State Street Corp raised its position in istar by 4.2% during the second quarter. State Street Corp now owns 1,522,171 shares of the real estate investment trust’s stock worth $18,321,000 after acquiring an additional 61,836 shares during the last quarter. Citigroup Inc. raised its position in istar by 2.2% during the second quarter. Citigroup Inc. now owns 1,036,107 shares of the real estate investment trust’s stock worth $12,475,000 after acquiring an additional 22,508 shares during the last quarter. Claar Advisors LLC raised its position in istar by 62.8% during the third quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock worth $9,735,000 after acquiring an additional 318,194 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in istar by 63.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 818,793 shares of the real estate investment trust’s stock worth $9,662,000 after acquiring an additional 317,953 shares during the last quarter. Institutional investors own 87.49% of the company’s stock.

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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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