iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 9,160 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of $18.22 per share, for a total transaction of $166,895.20. Following the completion of the transaction, the insider now directly owns 6,406,722 shares of the company’s stock, valued at approximately $116,730,474.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Monday, November 20th, Istar Inc. bought 10,000 shares of iStar Financial stock. The shares were bought at an average price of $18.31 per share, for a total transaction of $183,100.00.
  • On Wednesday, November 15th, Istar Inc. bought 15,700 shares of iStar Financial stock. The shares were bought at an average price of $17.92 per share, for a total transaction of $281,344.00.
  • On Monday, November 13th, Istar Inc. bought 14,948 shares of iStar Financial stock. The shares were bought at an average price of $17.81 per share, for a total transaction of $266,223.88.
  • On Thursday, November 9th, Istar Inc. bought 12,747 shares of iStar Financial stock. The shares were bought at an average price of $17.93 per share, for a total transaction of $228,553.71.
  • On Wednesday, September 20th, Istar Inc. bought 45,997 shares of iStar Financial stock. The shares were bought at an average price of $19.22 per share, for a total transaction of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. bought 34,405 shares of iStar Financial stock. The shares were bought at an average price of $19.28 per share, for a total transaction of $663,328.40.
  • On Friday, September 1st, Istar Inc. bought 16,738 shares of iStar Financial stock. The shares were bought at an average price of $19.74 per share, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of $475,203.96.

Shares of iStar Financial Inc. (NYSE STAR) traded up $0.01 during mid-day trading on Thursday, hitting $11.31. The stock had a trading volume of 262,800 shares, compared to its average volume of 481,100. iStar Financial Inc. has a 1 year low of $10.95 and a 1 year 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 $770.66, a PE ratio of 6.01 and a beta of 1.30.

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Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings 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 worth $159,000 after purchasing an additional 373 shares during the last quarter. ETRADE Capital Management LLC increased its stake in iStar Financial by 4.7% during the second quarter. ETRADE Capital Management LLC now owns 13,703 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 620 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in 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 worth $653,000 after acquiring an additional 926 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in 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 worth $589,000 after acquiring an additional 1,687 shares during the last quarter. Finally, Affinity Investment Advisors LLC increased its stake in 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 worth $248,000 after acquiring an additional 2,564 shares during the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. TheStreet downgraded 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 report on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of iStar Financial in a report on Thursday, October 12th. Finally, ValuEngine cut iStar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus 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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