istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 21,075 shares of the company’s stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $18.02 per share, for a total transaction of $379,771.50. Following the completion of the acquisition, the insider now directly owns 6,500,548 shares of the company’s stock, valued at approximately $117,139,874.96. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 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 Friday, December 1st, Istar Inc. bought 9,785 shares of istar stock. The stock was bought at an average cost of $18.13 per share, for a total transaction of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. bought 6,773 shares of istar stock. The stock was bought at an average cost of $18.52 per share, for a total transaction of $125,435.96.
  • On Monday, November 27th, Istar Inc. bought 5,100 shares of istar stock. The stock was bought at an average cost of $18.62 per share, for a total transaction of $94,962.00.
  • On Friday, November 24th, Istar Inc. purchased 4,549 shares of istar stock. The stock was acquired at an average price of $18.62 per share, with a total value of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. purchased 9,854 shares of istar stock. The stock was acquired at an average price of $18.57 per share, with a total value of $182,988.78.
  • On Monday, November 20th, Istar Inc. purchased 10,000 shares of istar stock. The stock was acquired at an average price of $18.31 per share, with a total value of $183,100.00.
  • On Friday, November 17th, Istar Inc. purchased 9,160 shares of istar stock. The stock was acquired at an average price of $18.22 per share, with a total value of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. purchased 15,700 shares of istar stock. The stock was acquired at an average price of $17.92 per share, with a total value of $281,344.00.
  • On Monday, November 13th, Istar Inc. purchased 14,948 shares of istar stock. The stock was acquired at an average price of $17.81 per share, with a total value of $266,223.88.
  • On Thursday, November 9th, Istar Inc. purchased 12,747 shares of istar stock. The stock was acquired at an average price of $17.93 per share, with a total value of $228,553.71.

istar Inc (STAR) remained flat at $$11.48 during trading on Tuesday. 438,821 shares of the company’s stock were exchanged, compared to its average volume of 479,471. The company has a market cap of $784.30, a PE ratio of 6.12 and a beta of 1.26. The company has a debt-to-equity ratio of 4.76, a current ratio of 6.50 and a quick ratio of 6.50. istar Inc has a 52-week low of $10.95 and a 52-week high of $12.78.

Several research analysts have recently weighed in on STAR shares. BidaskClub cut istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price target on shares of istar in a research note on Thursday, August 31st. Finally, TheStreet upgraded istar from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Institutional investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC increased its position in istar by 15.6% during the second quarter. TIAA CREF Investment Management LLC now owns 225,944 shares of the real estate investment trust’s stock valued at $2,720,000 after acquiring an additional 30,434 shares during the last quarter. Wells Fargo & Company MN increased its position in istar by 237.1% during the second quarter. Wells Fargo & Company MN now owns 435,379 shares of the real estate investment trust’s stock valued at $5,242,000 after acquiring an additional 306,243 shares during the last quarter. Private Management Group Inc. increased its position in istar by 332.3% during the third quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock valued at $6,249,000 after acquiring an additional 407,069 shares during the last quarter. Bank of New York Mellon Corp increased its position in istar by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 437,418 shares of the real estate investment trust’s stock valued at $5,267,000 after acquiring an additional 38,450 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in istar by 52.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 500,840 shares of the real estate investment trust’s stock valued at $6,031,000 after acquiring an additional 171,856 shares during the last quarter. Institutional investors own 87.49% of the company’s stock.

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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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