istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 22,436 shares of the stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $17.83 per share, with a total value of $400,033.88. Following the completion of the purchase, the insider now directly owns 6,596,090 shares of the company’s stock, valued at approximately $117,608,284.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, December 8th, Istar Inc. acquired 19,962 shares of istar stock. The shares were bought at an average price of $17.90 per share, with a total value of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. bought 21,900 shares of istar stock. The shares were acquired at an average price of $17.86 per share, with a total value of $391,134.00.
  • On Monday, December 4th, Istar Inc. bought 21,075 shares of istar stock. The shares were acquired at an average price of $18.02 per share, with a total value of $379,771.50.
  • On Friday, December 1st, Istar Inc. bought 9,785 shares of istar stock. The shares were acquired at an average price of $18.13 per share, with a total value of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. bought 6,773 shares of istar stock. The shares were acquired at an average price of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. bought 5,100 shares of istar stock. The shares were acquired at an average price of $18.62 per share, with a total value of $94,962.00.
  • On Friday, November 24th, Istar Inc. bought 4,549 shares of istar stock. The shares were acquired at an average price of $18.62 per share, with a total value of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. bought 9,854 shares of istar stock. The shares were acquired at an average price of $18.57 per share, with a total value of $182,988.78.
  • On Monday, November 20th, Istar Inc. bought 10,000 shares of istar stock. The shares were acquired at an average price of $18.31 per share, with a total value of $183,100.00.
  • On Friday, November 17th, Istar Inc. bought 9,160 shares of istar stock. The shares were acquired at an average price of $18.22 per share, with a total value of $166,895.20.

Shares of istar Inc (NYSE:STAR) traded up $0.01 during trading on Wednesday, hitting $11.33. 399,923 shares of the company’s stock were exchanged, compared to its average volume of 477,230. The firm has a market capitalization of $895.94, a P/E ratio of 6.01 and a beta of 1.26. istar Inc has a 1-year low of $10.95 and a 1-year high of $12.74. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50.

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 target price on shares of istar in a research report on Thursday, October 12th. BidaskClub downgraded shares of istar from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Finally, TheStreet upgraded shares of istar from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Several institutional investors have recently modified their holdings of STAR. Private Management Group Inc. raised its position in shares of istar by 332.3% in the third quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock worth $6,249,000 after acquiring an additional 407,069 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of istar in the second quarter worth about $4,648,000. Balyasny Asset Management LLC acquired a new position in shares of istar in the second quarter worth about $4,188,000. American Century Companies Inc. acquired a new position in shares of istar in the third quarter worth about $3,914,000. Finally, Claar Advisors LLC raised its position in shares of istar by 62.8% in the third quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock worth $9,735,000 after acquiring an additional 318,194 shares during the period. Institutional investors and hedge funds 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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