iStar Financial Inc. (NYSE:STAR) is set to post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect iStar Financial to post earnings of $0.12 per share for the quarter.

iStar Financial (NYSE:STAR) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.87 by ($0.63). iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. The company had revenue of $347.87 million for the quarter. On average, analysts expect iStar Financial to post $3.11 EPS for the current fiscal year and $1.54 EPS for the next fiscal year.

Shares of iStar Financial Inc. (STAR) opened at 11.85 on Thursday. iStar Financial Inc. has a 12-month low of $10.55 and a 12-month high of $12.83. The company has a market cap of $855.45 million, a price-to-earnings ratio of 6.45 and a beta of 1.25. The firm’s 50-day moving average price is $11.77 and its 200 day moving average price is $12.00.

A number of equities analysts have weighed in on the company. BidaskClub lowered iStar Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st. ValuEngine lowered iStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded iStar Financial from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.00.

In other iStar Financial news, major shareholder Istar Inc. bought 45,997 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average cost of $19.22 per share, for a total transaction of $884,062.34. Following the transaction, the insider now directly owns 6,245,061 shares of the company’s stock, valued at $120,030,072.42. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 751,814 shares of company stock worth $14,324,983 over the last 90 days. Insiders own 4.41% of the company’s stock.

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iStar Financial 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.

Earnings History for iStar Financial (NYSE:STAR)

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