istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 25,000 shares of the stock in a transaction dated Wednesday, January 10th. The shares were bought at an average cost of $17.91 per share, with a total value of $447,750.00. Following the completion of the purchase, the insider now directly owns 7,009,803 shares in the company, valued at $125,545,571.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The shares were bought at an average cost of $17.94 per share, with a total value of $435,116.76.
  • On Thursday, January 4th, Istar Inc. acquired 10,166 shares of istar stock. The shares were bought at an average cost of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. acquired 25,000 shares of istar stock. The shares were bought at an average cost of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. acquired 24,441 shares of istar stock. The shares were bought at an average cost of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. purchased 24,646 shares of istar stock. The shares were acquired at an average cost of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. purchased 25,000 shares of istar stock. The shares were acquired at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. purchased 24,031 shares of istar stock. The shares were acquired at an average cost of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. purchased 24,047 shares of istar stock. The shares were acquired at an average cost of $17.75 per share, with a total value of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. purchased 10,937 shares of istar stock. The shares were acquired at an average cost of $18.08 per share, with a total value of $197,740.96.
  • On Monday, December 18th, Istar Inc. purchased 10,000 shares of istar stock. The shares were acquired at an average cost of $18.17 per share, with a total value of $181,700.00.

Shares of istar Inc (NYSE:STAR) opened at $11.30 on Friday. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76. istar Inc has a 12-month low of $10.95 and a 12-month high of $12.68. The firm has a market cap of $896.46, a price-to-earnings ratio of -21.32 and a beta of 1.26.

istar declared that its Board of Directors has approved a share repurchase program on Thursday, December 14th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP lifted its holdings in istar by 410.1% in the 2nd 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 in the last quarter. Schroder Investment Management Group acquired a new position in istar in the 3rd quarter worth $108,000. BNP Paribas Arbitrage SA lifted its holdings in istar by 160.6% in the 2nd 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 in the last quarter. Stevens Capital Management LP acquired a new position in istar in the 2nd quarter worth $147,000. Finally, Magnetar Financial LLC acquired a new position in istar in the 3rd quarter worth $154,000. Hedge funds and other institutional investors own 87.49% of the company’s stock.

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

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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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