istar Inc (NYSE:STAR) Major Shareholder Acquires $15,716.04 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 452 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $34.77 per share, with a total value of $15,716.04. Following the purchase, the insider now directly owns 27,278,973 shares in the company, valued at approximately $948,489,891.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, October 25th, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $33.42 per share, with a total value of $250,650.00.
  • On Wednesday, October 23rd, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $34.05 per share, with a total value of $255,375.00.
  • On Monday, October 21st, Istar Inc. purchased 7,400 shares of istar stock. The stock was acquired at an average price of $34.28 per share, with a total value of $253,672.00.
  • On Friday, October 18th, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $34.02 per share, with a total value of $255,150.00.
  • On Wednesday, October 16th, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $34.13 per share, with a total value of $255,975.00.
  • On Monday, October 14th, Istar Inc. purchased 7,098 shares of istar stock. The stock was acquired at an average price of $34.29 per share, with a total value of $243,390.42.
  • On Friday, October 11th, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $34.56 per share, with a total value of $259,200.00.
  • On Wednesday, October 9th, Istar Inc. purchased 7,361 shares of istar stock. The stock was acquired at an average price of $34.21 per share, with a total value of $251,819.81.
  • On Monday, October 7th, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $34.32 per share, with a total value of $257,400.00.
  • On Friday, October 4th, Istar Inc. purchased 7,500 shares of istar stock. The stock was acquired at an average price of $33.58 per share, with a total value of $251,850.00.

Shares of STAR traded down $0.09 during midday trading on Monday, hitting $12.80. 336,484 shares of the company traded hands, compared to its average volume of 654,290. The firm has a 50 day moving average of $12.93 and a 200-day moving average of $11.73. istar Inc has a 52 week low of $7.84 and a 52 week high of $13.75. The stock has a market cap of $801.37 million, a price-to-earnings ratio of -13.47 and a beta of 0.67. The company has a debt-to-equity ratio of 2.35, a quick ratio of 3.59 and a current ratio of 3.59.

istar (NYSE:STAR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $4.55 EPS for the quarter, beating the consensus estimate of ($0.30) by $4.85. istar had a net margin of 52.01% and a return on equity of 22.16%. The business had revenue of $98.47 million during the quarter, compared to the consensus estimate of $97.50 million. During the same quarter in the prior year, the firm earned $0.55 EPS. Sell-side analysts predict that istar Inc will post 3.89 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in shares of istar by 9.1% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 17,940 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,492 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of istar during the 2nd quarter valued at about $5,685,000. Bank of Montreal Can boosted its holdings in shares of istar by 870.1% during the 2nd quarter. Bank of Montreal Can now owns 5,743 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 5,151 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in shares of istar during the 2nd quarter valued at about $1,317,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of istar by 23.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 60,469 shares of the real estate investment trust’s stock valued at $751,000 after purchasing an additional 11,396 shares during the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on STAR. TheStreet upgraded istar from a “d+” rating to a “c” rating in a research note on Thursday, August 1st. ValuEngine lowered istar from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Raymond James increased their price objective on shares of istar from $12.50 to $17.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research raised shares of istar from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.50.

About istar

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.

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