iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 12,747 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $17.93 per share, with a total value of $228,553.71. Following the acquisition, the insider now directly owns 6,339,424 shares of the company’s stock, valued at approximately $113,665,872.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Monday, November 13th, Istar Inc. purchased 14,948 shares of iStar Financial stock. The shares were bought at an average cost of $17.81 per share, with a total value of $266,223.88.
  • On Wednesday, September 20th, Istar Inc. purchased 45,997 shares of iStar Financial stock. The shares were bought at an average cost of $19.22 per share, with a total value of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. purchased 34,405 shares of iStar Financial stock. The shares were bought at an average cost of $19.28 per share, with a total value of $663,328.40.
  • On Friday, September 1st, Istar Inc. purchased 16,738 shares of iStar Financial stock. The shares were bought at an average cost of $19.74 per share, with a total value of $330,408.12.
  • On Thursday, August 31st, Istar Inc. purchased 19,600 shares of iStar Financial stock. The shares were bought at an average cost of $19.71 per share, with a total value of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. purchased 19,707 shares of iStar Financial stock. The shares were bought at an average cost of $19.66 per share, with a total value of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. purchased 24,332 shares of iStar Financial stock. The shares were bought at an average cost of $19.53 per share, with a total value of $475,203.96.
  • On Monday, August 28th, Istar Inc. purchased 22,931 shares of iStar Financial stock. The shares were bought at an average cost of $19.54 per share, with a total value of $448,071.74.
  • On Friday, August 25th, Istar Inc. purchased 28,719 shares of iStar Financial stock. The shares were bought at an average cost of $19.48 per share, with a total value of $559,446.12.
  • On Thursday, August 24th, Istar Inc. purchased 29,792 shares of iStar Financial stock. The shares were bought at an average cost of $19.38 per share, with a total value of $577,368.96.

Shares of iStar Financial Inc. (STAR) opened at $11.30 on Tuesday. The company has a debt-to-equity ratio of 4.76, a current ratio of 6.50 and a quick ratio of 6.50. The company has a market capitalization of $771.34, a PE ratio of 6.02 and a beta of 1.30. iStar Financial Inc. has a 52-week low of $10.95 and a 52-week high of $12.83.

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Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP lifted its position in shares of iStar Financial by 410.1% in the second quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 6,874 shares in the last quarter. Schroder Investment Management Group purchased a new stake in iStar Financial during the third quarter valued at approximately $108,000. SG Americas Securities LLC purchased a new stake in iStar Financial during the first quarter valued at approximately $111,000. Tudor Investment Corp ET AL purchased a new stake in iStar Financial during the first quarter valued at approximately $124,000. Finally, BNP Paribas Arbitrage SA raised its position in iStar Financial by 160.6% during the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 7,356 shares during the period. Institutional investors own 88.93% of the company’s stock.

A number of research firms have recently weighed in on STAR. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 price objective on shares of iStar Financial in a research note on Thursday, August 31st. ValuEngine lowered iStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. TheStreet raised iStar Financial from a “d+” rating to a “c” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub upgraded iStar Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.00.

iStar Financial Company Profile

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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