istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 5,100 shares of istar stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $18.62 per share, with a total value of $94,962.00. Following the completion of the acquisition, the insider now owns 6,426,225 shares of the company’s stock, valued at approximately $119,656,309.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Friday, November 24th, Istar Inc. acquired 4,549 shares of istar stock. The shares were purchased at an average cost of $18.62 per share, with a total value of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The shares were purchased at an average cost of $18.57 per share, with a total value of $182,988.78.
  • On Monday, November 20th, Istar Inc. acquired 10,000 shares of istar stock. The shares were purchased at an average cost of $18.31 per share, with a total value of $183,100.00.
  • On Friday, November 17th, Istar Inc. acquired 9,160 shares of istar stock. The shares were purchased at an average cost 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 stock. The shares were purchased at an average cost 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 stock. The shares were purchased at an average cost 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 stock. The shares were purchased at an average cost 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 stock. The shares were purchased at an average cost 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 stock. The shares were purchased at an average cost 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 stock. The shares were purchased at an average cost of $19.74 per share, with a total value of $330,408.12.

istar Inc (NYSE:STAR) traded up $0.03 during trading on Monday, hitting $11.34. The stock had a trading volume of 421,500 shares, compared to its average volume of 480,838. istar Inc has a 52-week low of $10.95 and a 52-week high of $12.83. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76. The company has a market capitalization of $773.39, a price-to-earnings ratio of 6.03 and a beta of 1.30.

STAR has been the subject of several research reports. TheStreet raised istar from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 price target on shares of istar in a report on Thursday, August 31st. ValuEngine lowered istar from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised istar from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

Several institutional investors have recently bought and sold shares of STAR. Private Management Group Inc. boosted its holdings in shares of istar by 332.3% in the third quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock worth $6,249,000 after acquiring an additional 407,069 shares during the period. Chicago Equity Partners LLC bought a new position in shares of istar in the second quarter worth $4,648,000. Balyasny Asset Management LLC bought a new position in shares of istar in the second quarter worth $4,188,000. American Century Companies Inc. bought a new stake in istar during the third quarter valued at $3,914,000. Finally, Claar Advisors LLC boosted its stake 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 valued at $9,735,000 after buying an additional 318,194 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

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istar 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 (NYSE:STAR)

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