Somewhat Favorable News Coverage Somewhat Unlikely to Affect istar (STAR) Stock Price
News coverage about istar (NYSE:STAR) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. istar earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.3817389900112 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- istar Inc (STAR) Major Shareholder Acquires $435,116.76 in Stock (americanbankingnews.com)
- Istar Inc. Acquires 10,166 Shares of istar Inc (STAR) Stock (americanbankingnews.com)
- Insider Buying: istar Inc (STAR) Major Shareholder Buys 25,000 Shares of Stock (americanbankingnews.com)
- istar Inc (STAR) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of istar (STAR) opened at $11.42 on Friday. istar has a 12-month low of $10.95 and a 12-month 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. The firm has a market cap of $907.40, a price-to-earnings ratio of -21.55 and a beta of 1.26.
Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. TheStreet cut shares of istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. BidaskClub cut shares of istar from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of istar in a research report on Thursday, October 12th. One research 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. The company has a consensus rating of “Hold” and an average price target of $14.00.
In related news, Director Dale Ann Reiss sold 17,595 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $11.70, for a total transaction of $205,861.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Istar Inc. bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were bought at an average cost of $17.87 per share, for a total transaction of $446,750.00. Following the completion of the purchase, the insider now owns 6,806,956 shares of the company’s stock, valued at $121,640,303.72. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 582,060 shares of company stock valued at $7,964,875. 4.41% of the stock is currently owned by corporate 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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