Istar Inc. Buys 21,900 Shares of istar Inc (STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 21,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average price of $17.86 per share, for a total transaction of $391,134.00. Following the acquisition, the insider now directly owns 6,561,300 shares of the company’s stock, valued at approximately $117,184,818. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, December 8th, Istar Inc. purchased 19,962 shares of istar stock. The stock was acquired at an average price of $17.90 per share, for a total transaction of $357,319.80.
  • On Monday, December 4th, Istar Inc. purchased 21,075 shares of istar stock. The stock was acquired at an average price of $18.02 per share, for a total transaction of $379,771.50.
  • On Friday, December 1st, Istar Inc. acquired 9,785 shares of istar stock. The shares were purchased at an average price of $18.13 per share, for a total transaction of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. acquired 6,773 shares of istar stock. The shares were purchased at an average price of $18.52 per share, for a total transaction of $125,435.96.
  • On Monday, November 27th, Istar Inc. acquired 5,100 shares of istar stock. The shares were purchased at an average price of $18.62 per share, for a total transaction of $94,962.00.
  • On Friday, November 24th, Istar Inc. acquired 4,549 shares of istar stock. The shares were purchased at an average price of $18.62 per share, for a total transaction of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The shares were purchased at an average price of $18.57 per share, for a total transaction of $182,988.78.
  • On Monday, November 20th, Istar Inc. acquired 10,000 shares of istar stock. The shares were purchased at an average price of $18.31 per share, for a total transaction of $183,100.00.
  • On Friday, November 17th, Istar Inc. acquired 9,160 shares of istar stock. The shares were purchased at an average price of $18.22 per share, for a total transaction of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. acquired 15,700 shares of istar stock. The shares were purchased at an average price of $17.92 per share, for a total transaction of $281,344.00.

Shares of istar Inc (NYSE STAR) opened at $11.32 on Friday. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76. The stock has a market cap of $772.02, a price-to-earnings ratio of 6.02 and a beta of 1.26. istar Inc has a 12 month low of $10.95 and a 12 month high of $12.75.

A number of institutional investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC boosted its holdings in istar by 4.7% in the second quarter. ETRADE Capital Management LLC now owns 13,703 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 620 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in istar by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 54,243 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 926 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in istar by 2.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 144,505 shares of the real estate investment trust’s stock worth $1,740,000 after purchasing an additional 2,950 shares during the period. Voya Investment Management LLC boosted its holdings in shares of istar by 10.6% during the second quarter. Voya Investment Management LLC now owns 34,648 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 3,315 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of istar by 57.4% during the second quarter. Sei Investments Co. now owns 14,196 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 5,179 shares during the period. 87.49% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on STAR shares. TheStreet upgraded shares of istar from a “d+” rating to a “c” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price target on shares of istar in a research note on Thursday, August 31st. Finally, BidaskClub upgraded shares of istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus 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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