istar Inc (STAR) Major Shareholder Istar Inc. Purchases 25,000 Shares of Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 25,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was purchased at an average cost of $17.87 per share, for a total transaction of $446,750.00. Following the completion of the transaction, the insider now directly owns 7,084,256 shares of the company’s stock, valued at approximately $126,595,654.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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, January 12th, Istar Inc. bought 25,000 shares of istar stock. The stock was purchased at an average cost of $17.97 per share, for a total transaction of $449,250.00.
  • On Wednesday, January 10th, Istar Inc. bought 25,000 shares of istar stock. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $447,750.00.
  • On Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The shares were bought at an average cost of $17.94 per share, for a total transaction of $435,116.76.
  • On Thursday, January 4th, Istar Inc. acquired 10,166 shares of istar stock. The shares were bought at an average cost of $18.04 per share, for a total transaction of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. acquired 25,000 shares of istar stock. The shares were bought at an average cost of $17.96 per share, for a total transaction of $449,000.00.
  • On Saturday, December 29th, Istar Inc. acquired 24,441 shares of istar stock. The shares were bought at an average cost of $17.70 per share, for a total transaction of $432,605.70.
  • On Thursday, December 27th, Istar Inc. acquired 24,646 shares of istar stock. The shares were bought at an average cost of $17.75 per share, for a total transaction of $437,466.50.
  • On Thursday, December 28th, Istar Inc. acquired 25,000 shares of istar stock. The shares were bought at an average cost of $17.87 per share, for a total transaction of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. acquired 24,031 shares of istar stock. The shares were bought at an average cost of $17.73 per share, for a total transaction of $426,069.63.
  • On Friday, December 22nd, Istar Inc. acquired 24,047 shares of istar stock. The shares were bought at an average cost of $17.75 per share, for a total transaction of $426,834.25.

istar Inc (STAR) opened at $11.22 on Thursday. istar Inc 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 capitalization of $891.32, a PE ratio of -21.17 and a beta of 1.26.

istar (NYSE:STAR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter. istar had a net margin of 24.13% and a return on equity of 19.57%.

istar announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that allows the company to buyback 50,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of STAR. Private Management Group Inc. raised its stake in istar by 332.3% during the 3rd quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock valued at $6,249,000 after purchasing an additional 407,069 shares during the period. Balyasny Asset Management LLC bought a new stake in istar during the 2nd quarter valued at approximately $4,188,000. American Century Companies Inc. bought a new stake in istar during the 3rd quarter valued at approximately $3,914,000. Claar Advisors LLC raised its stake in istar by 62.8% during the 3rd quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock valued at $9,735,000 after purchasing an additional 318,194 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in istar by 63.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 818,793 shares of the real estate investment trust’s stock worth $9,662,000 after acquiring an additional 317,953 shares during the last quarter. 87.49% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. BidaskClub cut istar from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price objective on shares of istar in a research report on Thursday, October 12th. ValuEngine raised istar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Finally, TheStreet cut istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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About istar

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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