istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average price of $17.97 per share, for a total transaction of $449,250.00. Following the completion of the transaction, the insider now owns 7,084,256 shares of the company’s stock, valued at approximately $127,304,080.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Tuesday, January 16th, Istar Inc. acquired 25,000 shares of istar stock. The stock was bought at an average price of $17.87 per share, for a total transaction of $446,750.00.
  • On Wednesday, January 10th, Istar Inc. acquired 25,000 shares of istar stock. The stock was bought at an average price of $17.91 per share, for a total transaction of $447,750.00.
  • On Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The stock was bought at an average price of $17.94 per share, for a total transaction of $435,116.76.
  • On Thursday, January 4th, Istar Inc. bought 10,166 shares of istar stock. The stock was purchased at an average cost of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The stock was purchased at an average cost of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. bought 24,441 shares of istar stock. The stock was purchased at an average cost of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. bought 24,646 shares of istar stock. The stock was purchased at an average cost of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. bought 25,000 shares of istar stock. The stock was purchased at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. bought 24,031 shares of istar stock. The stock was purchased at an average cost of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. bought 24,047 shares of istar stock. The stock was purchased at an average cost of $17.75 per share, with a total value of $426,834.25.

Shares of istar Inc (STAR) opened at $11.22 on Thursday. The firm has a market capitalization of $891.32, a P/E ratio of -21.17 and a beta of 1.26. istar Inc has a 52 week low of $10.95 and a 52 week high of $12.68. 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 (NYSE:STAR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.09) earnings per share for the quarter. istar had a net margin of 24.13% and a return on equity of 19.57%.

istar announced that its board has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of istar in a research note on Thursday, October 12th. BidaskClub lowered istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. TheStreet lowered istar from a “c” rating to a “d” rating in a research note on Friday, November 17th. Finally, ValuEngine raised istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.00.

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted 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 valued at $102,000 after purchasing an additional 6,874 shares during the period. Schroder Investment Management Group bought a new position in shares of istar during the third quarter valued at approximately $108,000. BNP Paribas Arbitrage SA raised its holdings 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 valued at $144,000 after acquiring an additional 7,356 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of istar during the second quarter valued at approximately $147,000. Finally, Magnetar Financial LLC bought a new position in shares of istar during the third quarter valued at approximately $154,000. 87.49% 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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