iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 39,886 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $18.94 per share, for a total transaction of $755,440.84. Following the completion of the purchase, the insider now directly owns 5,452,185 shares of the company’s stock, valued at $103,264,383.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 9th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The stock was bought at an average price of $18.93 per share, for a total transaction of $755,041.98.
  • On Tuesday, August 8th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The stock was bought at an average price of $19.00 per share, for a total transaction of $757,834.00.
  • On Friday, August 4th, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was bought at an average price of $18.76 per share, for a total transaction of $735,392.00.
  • On Thursday, August 3rd, Istar Inc. acquired 36,936 shares of iStar Financial stock. The stock was 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 bought 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 bought 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 bought 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 bought at an average price of $18.36 per share, for a total transaction of $914,493.24.
  • On Thursday, July 27th, Istar Inc. acquired 23,912 shares of iStar Financial stock. The stock was bought at an average price of $18.53 per share, for a total transaction of $443,089.36.
  • On Wednesday, July 26th, Istar Inc. acquired 23,778 shares of iStar Financial stock. The stock was bought at an average price of $18.95 per share, for a total transaction of $450,593.10.

iStar Financial Inc. (NYSE STAR) traded down 0.17% during trading on Wednesday, reaching $11.92. The company had a trading volume of 353,946 shares. The company has a market capitalization of $859.49 million, a PE ratio of 24.03 and a beta of 1.29. The stock has a 50 day moving average price of $12.03 and a 200-day moving average price of $11.96. iStar Financial Inc. has a 52-week low of $10.19 and a 52-week high of $12.83.

iStar Financial (NYSE:STAR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by $0.63. iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. The business had revenue of $347.87 million for the quarter. On average, equities research analysts anticipate that iStar Financial Inc. will post $3.14 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new position in iStar Financial during the first quarter valued at approximately $493,000. Affinity Investment Advisors LLC purchased a new position in iStar Financial during the first quarter valued at approximately $213,000. Diamond Hill Capital Management Inc. boosted its position in iStar Financial by 0.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,502,961 shares of the real estate investment trust’s stock valued at $88,535,000 after buying an additional 56,280 shares during the period. First Trust Advisors LP boosted its position in iStar Financial by 137.7% in the first quarter. First Trust Advisors LP now owns 144,413 shares of the real estate investment trust’s stock valued at $1,704,000 after buying an additional 83,648 shares during the period. Finally, IndexIQ Advisors LLC boosted its position in iStar Financial by 14.4% in the first quarter. IndexIQ Advisors LLC now owns 74,652 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 9,372 shares during the period. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Several analysts have recently issued reports on the company. BidaskClub cut iStar Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. ValuEngine cut iStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st.

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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