Insider Buying: istar Inc (STAR) Major Shareholder Buys 2,800 Shares of Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 2,800 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $19.74 per share, with a total value of $55,272.00. Following the completion of the transaction, the insider now owns 7,742,598 shares in the company, valued at $152,838,884.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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, March 15th, Istar Inc. acquired 2,800 shares of istar stock. The shares were bought at an average price of $20.21 per share, with a total value of $56,588.00.
  • On Monday, March 11th, Istar Inc. acquired 2,221 shares of istar stock. The shares were bought at an average price of $19.38 per share, with a total value of $43,042.98.
  • On Thursday, March 7th, Istar Inc. bought 2,341 shares of istar stock. The shares were acquired at an average cost of $19.37 per share, for a total transaction of $45,345.17.
  • On Tuesday, March 5th, Istar Inc. bought 2,800 shares of istar stock. The shares were acquired at an average cost of $19.35 per share, for a total transaction of $54,180.00.
  • On Wednesday, February 27th, Istar Inc. bought 2,431 shares of istar stock. The shares were acquired at an average cost of $19.10 per share, for a total transaction of $46,432.10.
  • On Monday, February 25th, Istar Inc. bought 2,258 shares of istar stock. The shares were acquired at an average cost of $19.85 per share, for a total transaction of $44,821.30.
  • On Thursday, February 21st, Istar Inc. bought 2,488 shares of istar stock. The shares were acquired at an average cost of $19.33 per share, for a total transaction of $48,093.04.
  • On Tuesday, February 19th, Istar Inc. bought 2,579 shares of istar stock. The shares were acquired at an average cost of $19.33 per share, for a total transaction of $49,852.07.
  • On Monday, December 31st, Istar Inc. bought 8,147 shares of istar stock. The shares were acquired at an average cost of $18.92 per share, for a total transaction of $154,141.24.
  • On Friday, December 28th, Istar Inc. bought 6,387 shares of istar stock. The shares were acquired at an average cost of $19.23 per share, for a total transaction of $122,822.01.

STAR traded down $0.26 during trading on Friday, reaching $8.17. 2,259,312 shares of the company’s stock were exchanged, compared to its average volume of 589,536. istar Inc has a one year low of $8.13 and a one year high of $11.44. The company has a debt-to-equity ratio of 3.41, a current ratio of 6.06 and a quick ratio of 6.06. The firm has a market capitalization of $574.57 million, a price-to-earnings ratio of -8.60 and a beta of 1.00.

istar (NYSE:STAR) last posted its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.22. istar had a negative net margin of 4.04% and a negative return on equity of 1.90%. During the same period last year, the company posted $0.40 EPS. As a group, equities research analysts predict that istar Inc will post -0.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, March 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, March 1st. istar’s dividend payout ratio is currently -37.89%.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of istar by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock valued at $6,477,000 after purchasing an additional 30,935 shares during the last quarter. Norges Bank bought a new stake in shares of istar in the 4th quarter valued at $7,982,000. HRT Financial LLC bought a new stake in shares of istar in the 4th quarter valued at $135,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of istar in the 4th quarter valued at $180,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of istar by 322.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 20,151 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 15,379 shares during the last quarter. 91.17% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the stock. JMP Securities lowered shares of istar from an “outperform” rating to a “market perform” rating in a report on Thursday, February 28th. ValuEngine raised shares of istar from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research raised shares of istar from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $11.75.

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istar Company Profile

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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Insider Buying and Selling by Quarter for istar (NYSE:STAR)

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