istar (STAR) Earning Somewhat Favorable News Coverage, Analysis Finds
News articles about istar (NYSE:STAR) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. istar earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 44.8184048901152 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
STAR has been the topic of a number of research analyst reports. BidaskClub cut shares of istar from a “sell” rating to a “strong sell” rating in a report on Monday, October 23rd. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. TheStreet cut shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price target on shares of istar in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. istar presently has an average rating of “Hold” and a consensus price target of $14.00.
istar (STAR) opened at $10.05 on Tuesday. 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 has a 1-year low of $10.04 and a 1-year high of $12.68. The stock has a market cap of $805.24, a PE ratio of -18.96 and a beta of 1.02.
In other news, Director Dale Ann Reiss sold 17,595 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $11.70, for a total value of $205,861.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Istar Inc. purchased 12,747 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $17.93 per share, for a total transaction of $228,553.71. Following the completion of the acquisition, the insider now directly owns 6,339,424 shares in the company, valued at approximately $113,665,872.32. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 600,891 shares of company stock worth $10,594,606. 4.41% of the stock is owned by company insiders.
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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.
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