Istar Inc. Acquires 10,000 Shares of istar Inc (STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 10,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was purchased at an average price of $18.17 per share, for a total transaction of $181,700.00. Following the purchase, the insider now directly owns 6,693,765 shares of the company’s stock, valued at approximately $121,625,710.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, January 10th, Istar Inc. acquired 25,000 shares of istar stock. The stock was bought at an average price of $17.91 per share, with a total value of $447,750.00.
  • On Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The stock was bought at an average price of $17.94 per share, with a total value of $435,116.76.
  • On Thursday, January 4th, Istar Inc. acquired 10,166 shares of istar stock. The stock was bought at an average price of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The shares were acquired at an average price of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. bought 24,441 shares of istar stock. The shares were acquired at an average price of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. bought 24,646 shares of istar stock. The shares were acquired at an average price of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. acquired 25,000 shares of istar stock. The stock was purchased at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. acquired 24,031 shares of istar stock. The stock was purchased at an average cost of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. acquired 24,047 shares of istar stock. The stock was purchased at an average cost of $17.75 per share, with a total value of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. bought 10,937 shares of istar stock. The stock was bought at an average price of $18.08 per share, with a total value of $197,740.96.

Shares of istar Inc (NYSE STAR) traded down $0.11 on Friday, reaching $11.30. 234,357 shares of the company traded hands, compared to its average volume of 478,480. The company has a market cap of $896.46, a P/E ratio of -21.32 and a beta of 1.26. istar Inc has a 12-month low of $10.95 and a 12-month high of $12.68. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76.

istar declared that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have issued reports on STAR shares. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. TheStreet downgraded shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of istar in a report on Thursday, October 12th. Finally, BidaskClub upgraded shares of istar from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Real Estate Management Services LLC grew its position in istar by 3.5% in the 3rd quarter. Real Estate Management Services LLC now owns 2,393,502 shares of the real estate investment trust’s stock worth $28,243,000 after purchasing an additional 80,002 shares during the last quarter. State Street Corp grew its position in istar by 4.2% in the 2nd quarter. State Street Corp now owns 1,522,171 shares of the real estate investment trust’s stock worth $18,321,000 after purchasing an additional 61,836 shares during the last quarter. Citigroup Inc. grew its position in istar by 2.2% in the 2nd quarter. Citigroup Inc. now owns 1,036,107 shares of the real estate investment trust’s stock worth $12,475,000 after purchasing an additional 22,508 shares during the last quarter. Claar Advisors LLC grew its position in istar by 62.8% in the 3rd quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock worth $9,735,000 after purchasing an additional 318,194 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position 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 purchasing an additional 317,953 shares during the last quarter. Hedge funds and other institutional investors own 87.49% of the company’s stock.

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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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