Istar Inc. Purchases 2,445 Shares of istar Inc (STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 2,445 shares of the stock in a transaction dated Friday, May 3rd. The stock was acquired at an average price of $25.08 per share, for a total transaction of $61,320.60. Following the completion of the transaction, the insider now directly owns 7,830,766 shares of the company’s stock, valued at $196,395,611.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Monday, May 6th, Istar Inc. purchased 2,800 shares of istar stock. The stock was acquired at an average price of $26.53 per share, for a total transaction of $74,284.00.
  • On Wednesday, May 1st, Istar Inc. purchased 2,800 shares of istar stock. The stock was acquired at an average price of $25.19 per share, for a total transaction of $70,532.00.
  • On Monday, April 29th, Istar Inc. purchased 2,800 shares of istar stock. The stock was acquired at an average price of $25.74 per share, for a total transaction of $72,072.00.
  • On Friday, April 26th, Istar Inc. purchased 2,689 shares of istar stock. The stock was acquired at an average price of $26.02 per share, for a total transaction of $69,967.78.
  • On Wednesday, April 24th, Istar Inc. purchased 2,800 shares of istar stock. The stock was acquired at an average price of $24.71 per share, for a total transaction of $69,188.00.
  • On Monday, April 22nd, Istar Inc. purchased 2,614 shares of istar stock. The stock was acquired at an average price of $23.07 per share, for a total transaction of $60,304.98.
  • On Wednesday, April 17th, Istar Inc. purchased 2,700 shares of istar stock. The stock was acquired at an average price of $22.69 per share, for a total transaction of $61,263.00.
  • On Monday, April 15th, Istar Inc. purchased 2,800 shares of istar stock. The stock was acquired at an average price of $23.14 per share, for a total transaction of $64,792.00.
  • On Friday, April 12th, Istar Inc. purchased 2,522 shares of istar stock. The stock was acquired at an average price of $22.92 per share, for a total transaction of $57,804.24.
  • On Wednesday, April 10th, Istar Inc. purchased 1,985 shares of istar stock. The stock was acquired at an average price of $22.44 per share, for a total transaction of $44,543.40.

Shares of NYSE STAR opened at $8.86 on Tuesday. istar Inc has a 1 year low of $7.84 and a 1 year high of $11.44. The company has a market cap of $583.54 million, a P/E ratio of -9.33 and a beta of 1.00. The company has a current ratio of 3.68, a quick ratio of 6.06 and a debt-to-equity ratio of 3.07.

istar (NYSE:STAR) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.05). istar had a negative return on equity of 5.87% and a negative net margin of 14.17%. The firm had revenue of $106.80 million for the quarter, compared to analyst estimates of $125.90 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue was down 70.7% compared to the same quarter last year. Sell-side analysts anticipate that istar Inc will post -0.7 earnings per share for the current year.

STAR has been the topic of a number of analyst reports. ValuEngine upgraded shares of istar from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. JMP Securities lowered shares of istar from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 28th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund acquired a new position in shares of istar in the 4th quarter valued at $26,000. PNC Financial Services Group Inc. boosted its holdings in shares of istar by 444.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,440 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,808 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of istar in the 4th quarter valued at $61,000. MML Investors Services LLC acquired a new position in shares of istar in the 4th quarter valued at $92,000. Finally, Everence Capital Management Inc. acquired a new position in shares of istar in the 1st quarter valued at $120,000. Institutional investors own 94.84% of the company’s stock.

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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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