iStar Financial Inc. (NYSE:STAR) Major Shareholder Istar Inc. Purchases 19,600 Shares

iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 19,600 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was purchased at an average cost of $19.71 per share, with a total value of $386,316.00. Following the acquisition, the insider now directly owns 5,908,572 shares in the company, valued at $116,457,954.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Friday, September 1st, Istar Inc. acquired 16,738 shares of iStar Financial stock. The stock was bought at an average cost of $19.74 per share, for a total transaction of $330,408.12.
  • On Wednesday, August 30th, Istar Inc. acquired 19,707 shares of iStar Financial stock. The stock was bought at an average cost of $19.66 per share, for a total transaction of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. acquired 24,332 shares of iStar Financial stock. The stock was bought at an average cost of $19.53 per share, for a total transaction of $475,203.96.
  • On Monday, August 28th, Istar Inc. purchased 22,931 shares of iStar Financial stock. The shares were acquired at an average cost of $19.54 per share, for a total transaction of $448,071.74.
  • On Friday, August 25th, Istar Inc. purchased 28,719 shares of iStar Financial stock. The shares were acquired at an average cost of $19.48 per share, for a total transaction of $559,446.12.
  • On Thursday, August 24th, Istar Inc. purchased 29,792 shares of iStar Financial stock. The shares were acquired at an average cost of $19.38 per share, for a total transaction of $577,368.96.
  • On Wednesday, August 23rd, Istar Inc. purchased 29,865 shares of iStar Financial stock. The shares were acquired at an average cost of $19.39 per share, for a total transaction of $579,082.35.
  • On Friday, August 18th, Istar Inc. purchased 19,600 shares of iStar Financial stock. The shares were acquired at an average cost of $19.68 per share, for a total transaction of $385,728.00.
  • On Thursday, August 17th, Istar Inc. acquired 20,461 shares of iStar Financial stock. The shares were purchased at an average price of $19.65 per share, for a total transaction of $402,058.65.
  • On Friday, August 11th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The shares were purchased at an average price of $19.01 per share, for a total transaction of $758,232.86.

Shares of iStar Financial Inc. (NYSE STAR) opened at 11.27 on Friday. iStar Financial Inc. has a 12-month low of $10.45 and a 12-month high of $12.83. The firm has a 50-day moving average of $11.69 and a 200-day moving average of $11.95. The firm has a market capitalization of $813.58 million, a PE ratio of 6.14 and a beta of 1.29.

iStar Financial (NYSE:STAR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.87 by ($0.63). iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. The firm had revenue of $347.87 million for the quarter. Equities analysts anticipate that iStar Financial Inc. will post $3.09 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of STAR. Bank of Montreal Can bought a new position in iStar Financial during the 1st quarter valued at about $614,000. Russell Investments Group Ltd. lifted its stake in shares of iStar Financial by 95.1% in the 1st quarter. Russell Investments Group Ltd. now owns 47,089 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 22,951 shares during the period. IndexIQ Advisors LLC lifted its stake in shares of iStar Financial by 14.4% in the 1st quarter. IndexIQ Advisors LLC now owns 74,652 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 9,372 shares during the period. First Trust Advisors LP lifted its stake in shares of iStar Financial by 137.7% in the 1st quarter. First Trust Advisors LP now owns 144,413 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 83,648 shares during the period. Finally, Affinity Investment Advisors LLC bought a new position in shares of iStar Financial in the 1st quarter worth approximately $213,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

A number of brokerages recently commented on STAR. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 price target on shares of iStar Financial in a research note on Thursday, August 31st. TheStreet upgraded shares of iStar Financial from a “d+” rating to a “c” rating in a research note on Wednesday, August 23rd. ValuEngine lowered shares of iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of iStar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. iStar Financial presently has a consensus rating of “Hold” and an average target price of $14.00.

iStar Financial 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 Financial (NYSE:STAR)

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