istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 10,937 shares of the stock in a transaction on Wednesday, December 20th. The shares were acquired at an average cost of $18.08 per share, for a total transaction of $197,740.96. Following the purchase, the insider now owns 6,693,765 shares in the company, valued at $121,023,271.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 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, December 18th, Istar Inc. bought 10,000 shares of istar stock. The shares were acquired at an average cost of $18.17 per share, for a total transaction of $181,700.00.
  • On Friday, December 15th, Istar Inc. bought 17,749 shares of istar stock. The shares were acquired at an average cost of $18.01 per share, for a total transaction of $319,659.49.
  • On Wednesday, December 13th, Istar Inc. purchased 12,800 shares of istar stock. The shares were purchased at an average cost of $18.15 per share, for a total transaction of $232,320.00.
  • On Monday, December 11th, Istar Inc. purchased 22,436 shares of istar stock. The shares were purchased at an average cost of $17.83 per share, for a total transaction of $400,033.88.
  • On Friday, December 8th, Istar Inc. purchased 19,962 shares of istar stock. The shares were purchased at an average cost of $17.90 per share, for a total transaction of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. purchased 21,900 shares of istar stock. The shares were purchased at an average cost of $17.86 per share, for a total transaction of $391,134.00.
  • On Monday, December 4th, Istar Inc. purchased 21,075 shares of istar stock. The shares were purchased at an average cost of $18.02 per share, for a total transaction of $379,771.50.
  • On Friday, December 1st, Istar Inc. purchased 9,785 shares of istar stock. The shares were purchased at an average cost of $18.13 per share, for a total transaction of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. purchased 6,773 shares of istar stock. The shares were purchased at an average cost of $18.52 per share, for a total transaction of $125,435.96.
  • On Monday, November 27th, Istar Inc. acquired 5,100 shares of istar stock. The stock was bought at an average price of $18.62 per share, for a total transaction of $94,962.00.

Shares of istar Inc (STAR) opened at $11.37 on Friday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. istar Inc has a one year low of $10.95 and a one year high of $12.74. The firm has a market cap of $775.43, a P/E ratio of 6.05 and a beta of 1.26.

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

Several brokerages recently issued reports on STAR. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. BidaskClub upgraded shares of istar from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price objective on shares of istar in a report on Thursday, October 12th. Finally, TheStreet lowered shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its stake in shares of istar by 410.1% during 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 during the period. Schroder Investment Management Group purchased a new stake in shares of istar during the third quarter worth approximately $108,000. BNP Paribas Arbitrage SA increased its stake in shares of istar by 160.6% during the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 7,356 shares during the period. Stevens Capital Management LP purchased a new stake in shares of istar during the second quarter worth approximately $147,000. Finally, Magnetar Financial LLC acquired a new position in istar in the third quarter valued at approximately $154,000. Hedge funds and other institutional investors own 87.49% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Istar Inc. Acquires 10,937 Shares of istar Inc (STAR) Stock” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/istar-inc-acquires-10937-shares-of-istar-inc-star-stock/1777750.html.

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)

Receive News & Ratings for istar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for istar and related companies with MarketBeat.com's FREE daily email newsletter.