istar Inc (STAR) Major Shareholder Purchases $125,435.96 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 6,773 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average price of $18.52 per share, for a total transaction of $125,435.96. Following the completion of the transaction, the insider now owns 6,449,063 shares in the company, valued at $119,436,646.76. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Monday, November 27th, Istar Inc. acquired 5,100 shares of istar stock. The stock was purchased at an average price of $18.62 per share, for a total transaction of $94,962.00.
  • On Friday, November 24th, Istar Inc. acquired 4,549 shares of istar stock. The stock was purchased at an average price of $18.62 per share, for a total transaction of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The stock was purchased at an average price of $18.57 per share, for a total transaction of $182,988.78.
  • On Monday, November 20th, Istar Inc. purchased 10,000 shares of istar stock. The shares were bought at an average price of $18.31 per share, for a total transaction of $183,100.00.
  • On Friday, November 17th, Istar Inc. purchased 9,160 shares of istar stock. The shares were bought at an average price of $18.22 per share, for a total transaction of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. acquired 15,700 shares of istar stock. The stock was acquired at an average cost of $17.92 per share, for a total transaction of $281,344.00.
  • On Monday, November 13th, Istar Inc. acquired 14,948 shares of istar stock. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $266,223.88.
  • On Thursday, November 9th, Istar Inc. acquired 12,747 shares of istar stock. The stock was acquired at an average cost of $17.93 per share, for a total transaction of $228,553.71.
  • On Wednesday, September 20th, Istar Inc. acquired 45,997 shares of istar stock. The stock was acquired at an average cost of $19.22 per share, for a total transaction of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. acquired 34,405 shares of istar stock. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $663,328.40.

istar Inc (STAR) traded down $0.04 during mid-day trading on Thursday, hitting $11.50. 557,203 shares of the company traded hands, compared to its average volume of 479,521. 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 $778.84, a PE ratio of 6.07 and a beta of 1.30. istar Inc has a twelve month low of $10.95 and a twelve month high of $12.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP lifted its stake in istar by 410.1% in the second quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 6,874 shares during the last quarter. Schroder Investment Management Group acquired a new stake in istar in the third quarter valued at approximately $108,000. BNP Paribas Arbitrage SA lifted its stake in istar by 160.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 7,356 shares during the last quarter. Stevens Capital Management LP acquired a new stake in istar in the second quarter valued at approximately $147,000. Finally, Magnetar Financial LLC acquired a new stake in istar in the third quarter valued at approximately $154,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Several brokerages have recently issued reports on STAR. BidaskClub cut shares of istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 target price on shares of istar in a research report on Thursday, October 12th. Finally, TheStreet raised shares of istar 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 stock. istar has a consensus rating of “Hold” and an average price target of $14.00.

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istar 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.

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

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