istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 9,785 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $18.13 per share, with a total value of $177,402.05. Following the completion of the transaction, the insider now owns 6,500,548 shares in the company, valued at $117,854,935.24. The transaction 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 sales and purchases with the SEC.

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

  • On Monday, December 4th, Istar Inc. bought 21,075 shares of istar stock. The stock was purchased at an average cost of $18.02 per share, with a total value of $379,771.50.
  • On Wednesday, November 29th, Istar Inc. acquired 6,773 shares of istar stock. The shares were bought at an average cost of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. acquired 5,100 shares of istar stock. The shares were bought at an average cost of $18.62 per share, with a total value of $94,962.00.
  • On Friday, November 24th, Istar Inc. acquired 4,549 shares of istar stock. The shares were bought at an average cost of $18.62 per share, with a total value of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The shares were bought at an average cost of $18.57 per share, with a total value of $182,988.78.
  • On Monday, November 20th, Istar Inc. acquired 10,000 shares of istar stock. The shares were bought at an average cost of $18.31 per share, with a total value of $183,100.00.
  • On Friday, November 17th, Istar Inc. acquired 9,160 shares of istar stock. The shares were bought at an average cost of $18.22 per share, with a total value of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. acquired 15,700 shares of istar stock. The shares were bought at an average cost of $17.92 per share, with a total value of $281,344.00.
  • On Monday, November 13th, Istar Inc. acquired 14,948 shares of istar stock. The shares were bought at an average cost of $17.81 per share, with a total value of $266,223.88.
  • On Thursday, November 9th, Istar Inc. acquired 12,747 shares of istar stock. The shares were bought at an average cost of $17.93 per share, with a total value of $228,553.71.

istar Inc (STAR) remained flat at $$11.48 on Tuesday. 438,821 shares of the company were exchanged, compared to its average volume of 479,471. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76. The stock has a market capitalization of $784.30, a PE ratio of 6.12 and a beta of 1.26. istar Inc has a one year low of $10.95 and a one year high of $12.78.

Several analysts have commented on the company. BidaskClub downgraded istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price objective on shares of istar in a research note on Thursday, October 12th. Finally, TheStreet raised istar from a “d+” rating to a “c” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.00.

Several hedge funds have recently modified their holdings of STAR. Quantbot Technologies LP raised its stake in shares of istar by 410.1% during the 2nd quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 6,874 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of istar during the 3rd quarter worth approximately $108,000. BNP Paribas Arbitrage SA raised its stake in shares of istar by 160.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 7,356 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of istar during the 2nd quarter worth approximately $147,000. Finally, Magnetar Financial LLC purchased a new position in shares of istar during the 3rd quarter worth approximately $154,000. 87.49% of the stock is owned by institutional investors and hedge funds.

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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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