istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 17,749 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $18.01 per share, with a total value of $319,659.49. Following the purchase, the insider now directly owns 6,647,906 shares of the company’s stock, valued at approximately $119,728,787.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 Wednesday, December 13th, Istar Inc. bought 12,800 shares of istar stock. The shares were acquired at an average price of $18.15 per share, with a total value of $232,320.00.
  • On Monday, December 11th, Istar Inc. bought 22,436 shares of istar stock. The shares were acquired at an average price of $17.83 per share, with a total value of $400,033.88.
  • On Friday, December 8th, Istar Inc. bought 19,962 shares of istar stock. The shares were acquired at an average price of $17.90 per share, with a total value of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. bought 21,900 shares of istar stock. The shares were acquired at an average price of $17.86 per share, with a total value of $391,134.00.
  • On Monday, December 4th, Istar Inc. purchased 21,075 shares of istar stock. The shares were purchased at an average cost of $18.02 per share, with a total value of $379,771.50.
  • On Friday, December 1st, Istar Inc. purchased 9,785 shares of istar stock. The shares were purchased at an average cost of $18.13 per share, with a total value of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. purchased 6,773 shares of istar stock. The shares were purchased at an average cost of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. purchased 5,100 shares of istar stock. The shares were purchased at an average cost of $18.62 per share, with a total value of $94,962.00.
  • On Friday, November 24th, Istar Inc. purchased 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. purchased 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.

istar Inc (NYSE:STAR) opened at $11.51 on Monday. The stock has a market cap of $784.98, a PE ratio of 6.12 and a beta of 1.26. istar Inc has a 1-year low of $10.95 and a 1-year high of $12.74. 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 declared that its board has initiated a stock repurchase program on Thursday, December 14th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its holdings in istar by 10.9% in the first quarter. Teachers Advisors LLC now owns 137,632 shares of the real estate investment trust’s stock valued at $1,624,000 after buying an additional 13,520 shares in the last quarter. State Street Corp increased its holdings in istar by 2.6% in the first quarter. State Street Corp now owns 1,460,335 shares of the real estate investment trust’s stock valued at $17,233,000 after buying an additional 36,441 shares in the last quarter. Bank of Montreal Can increased its holdings in istar by 115.4% in the second quarter. Bank of Montreal Can now owns 112,000 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 60,000 shares in the last quarter. Aperio Group LLC increased its holdings in istar by 22.3% in the second quarter. Aperio Group LLC now owns 51,086 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 9,322 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in istar by 11.4% in the second quarter. Russell Investments Group Ltd. now owns 52,469 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 5,380 shares in the last quarter. 87.49% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on STAR shares. ValuEngine raised shares of istar from a “hold” rating to a “buy” rating in a report on Friday. TheStreet raised shares of istar from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.00 price target on shares of istar in a report on Thursday, August 31st. Finally, BidaskClub raised shares of istar from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. istar presently has an average 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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