istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 5,000 shares of istar stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of $32.73 per share, for a total transaction of $163,650.00. Following the transaction, the insider now owns 20,620,054 shares of the company’s stock, valued at approximately $674,894,367.42. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, July 8th, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $31.53 per share, for a total transaction of $157,650.00.
  • On Friday, July 5th, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $31.08 per share, for a total transaction of $155,400.00.
  • On Wednesday, July 3rd, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $30.95 per share, for a total transaction of $154,750.00.
  • On Monday, July 1st, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $30.11 per share, for a total transaction of $150,550.00.
  • On Friday, June 28th, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $29.67 per share, for a total transaction of $148,350.00.
  • On Wednesday, June 26th, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $28.20 per share, for a total transaction of $141,000.00.
  • On Monday, June 24th, Istar Inc. bought 4,644 shares of istar stock. The stock was acquired at an average price of $28.73 per share, for a total transaction of $133,422.12.
  • On Friday, June 21st, Istar Inc. bought 4,826 shares of istar stock. The stock was acquired at an average price of $28.50 per share, for a total transaction of $137,541.00.
  • On Wednesday, June 19th, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $28.70 per share, for a total transaction of $143,500.00.
  • On Monday, June 17th, Istar Inc. bought 5,000 shares of istar stock. The stock was acquired at an average price of $29.16 per share, for a total transaction of $145,800.00.

NYSE:STAR opened at $12.72 on Friday. istar Inc has a 52 week low of $7.84 and a 52 week high of $12.93. The company has a debt-to-equity ratio of 3.07, a current ratio of 3.68 and a quick ratio of 3.68. The stock has a market capitalization of $818.38 million, a P/E ratio of -13.39 and a beta of 0.70. The company has a fifty day simple moving average of $11.77.

istar (NYSE:STAR) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.05). The business had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $125.90 million. istar had a negative net margin of 14.17% and a negative return on equity of 5.87%. istar’s revenue for the quarter was down 70.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Equities analysts expect that istar Inc will post -0.93 EPS for the current year.

A number of research firms have commented on STAR. Raymond James restated a “buy” rating on shares of Tamarack-Valley-Energy in a research report on Tuesday, May 28th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th.

Several hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. raised its holdings in shares of istar by 0.7% in the 1st quarter. Private Management Group Inc. now owns 2,177,827 shares of the real estate investment trust’s stock valued at $18,337,000 after buying an additional 15,873 shares during the period. Norges Bank purchased a new stake in shares of istar in the 4th quarter valued at $7,982,000. Geode Capital Management LLC raised its holdings in shares of istar by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock valued at $6,477,000 after buying an additional 30,935 shares during the period. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of istar by 8.1% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 623,173 shares of the real estate investment trust’s stock valued at $7,740,000 after buying an additional 46,688 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of istar by 1.4% in the 4th quarter. Principal Financial Group Inc. now owns 556,743 shares of the real estate investment trust’s stock valued at $5,105,000 after buying an additional 7,947 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.

istar Company Profile

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.

Further Reading: Dow Jones Industrial Average (DJIA)

Insider Buying and Selling by Quarter for istar (NYSE:STAR)

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