iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. acquired 10,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $18.31 per share, with a total value of $183,100.00. Following the transaction, the insider now directly owns 6,406,722 shares of the company’s stock, valued at approximately $117,307,079.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, November 17th, Istar Inc. acquired 9,160 shares of iStar Financial stock. The stock was acquired at an average price of $18.22 per share, with a total value of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. acquired 15,700 shares of iStar Financial stock. The stock was acquired at an average price of $17.92 per share, with a total value of $281,344.00.
  • On Monday, November 13th, Istar Inc. acquired 14,948 shares of iStar Financial stock. The stock was acquired at an average price of $17.81 per share, with a total value of $266,223.88.
  • On Thursday, November 9th, Istar Inc. acquired 12,747 shares of iStar Financial stock. The stock was acquired at an average price of $17.93 per share, with a total value of $228,553.71.
  • On Wednesday, September 20th, Istar Inc. acquired 45,997 shares of iStar Financial stock. The stock was acquired at an average price of $19.22 per share, with a total value of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. acquired 34,405 shares of iStar Financial stock. The stock was acquired at an average price of $19.28 per share, with a total value of $663,328.40.
  • On Friday, September 1st, Istar Inc. acquired 16,738 shares of iStar Financial stock. The stock was acquired at an average price of $19.74 per share, with a total value of $330,408.12.
  • On Thursday, August 31st, Istar Inc. acquired 19,600 shares of iStar Financial stock. The stock was acquired at an average price of $19.71 per share, with a total value of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. acquired 19,707 shares of iStar Financial stock. The stock was acquired at an average price of $19.66 per share, with a total value of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. acquired 24,332 shares of iStar Financial stock. The stock was acquired at an average price of $19.53 per share, with a total value of $475,203.96.

Shares of iStar Financial Inc. (NYSE STAR) traded up $0.05 during mid-day trading on Wednesday, hitting $11.30. The stock had a trading volume of 498,100 shares, compared to its average volume of 482,071. iStar Financial Inc. has a twelve month low of $10.95 and a twelve month high of $12.83. The stock has a market capitalization of $767.25, a PE ratio of 5.98 and a beta of 1.30. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76.

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Several research firms have issued reports on STAR. TheStreet cut iStar Financial from a “c” rating to a “d” rating in a research report on Friday, November 17th. BidaskClub cut iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price target on shares of iStar Financial in a research report on Thursday, October 12th. Finally, ValuEngine cut iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.00.

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of iStar Financial by 2.9% in the first quarter. Principal Financial Group Inc. now owns 13,449 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 373 shares in the last quarter. ETRADE Capital Management LLC increased its position in shares of iStar Financial by 4.7% in the second quarter. ETRADE Capital Management LLC now owns 13,703 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 620 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of iStar Financial by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 54,243 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 926 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of iStar Financial by 3.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 49,918 shares of the real estate investment trust’s stock valued at $589,000 after acquiring an additional 1,687 shares during the last quarter. Finally, Affinity Investment Advisors LLC boosted its stake in shares of iStar Financial by 14.2% during the second quarter. Affinity Investment Advisors LLC now owns 20,583 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 2,564 shares during the last quarter. Institutional investors and hedge funds own 86.09% 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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