istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 25,000 shares of istar stock in a transaction on Wednesday, January 10th. The stock was acquired at an average price of $17.91 per share, for a total transaction of $447,750.00. Following the transaction, the insider now directly owns 7,009,803 shares of the company’s stock, valued at $125,545,571.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The stock was purchased at an average price of $17.94 per share, for a total transaction of $435,116.76.
  • On Thursday, January 4th, Istar Inc. acquired 10,166 shares of istar stock. The stock was purchased at an average price of $18.04 per share, for a total transaction of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. acquired 25,000 shares of istar stock. The stock was purchased at an average price of $17.96 per share, for a total transaction of $449,000.00.
  • On Saturday, December 29th, Istar Inc. acquired 24,441 shares of istar stock. The stock was purchased at an average price of $17.70 per share, for a total transaction of $432,605.70.
  • On Thursday, December 27th, Istar Inc. acquired 24,646 shares of istar stock. The stock was purchased at an average price of $17.75 per share, for a total transaction of $437,466.50.
  • On Thursday, December 28th, Istar Inc. acquired 25,000 shares of istar stock. The stock was purchased at an average price of $17.87 per share, for a total transaction of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. acquired 24,031 shares of istar stock. The stock was purchased at an average price of $17.73 per share, for a total transaction of $426,069.63.
  • On Friday, December 22nd, Istar Inc. acquired 24,047 shares of istar stock. The stock was purchased at an average price of $17.75 per share, for a total transaction of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. acquired 10,937 shares of istar stock. The stock was purchased at an average price of $18.08 per share, for a total transaction of $197,740.96.
  • On Monday, December 18th, Istar Inc. acquired 10,000 shares of istar stock. The stock was purchased at an average price of $18.17 per share, for a total transaction of $181,700.00.

istar Inc (STAR) traded up $0.24 during trading on Thursday, hitting $11.42. The stock had a trading volume of 801,656 shares, compared to its average volume of 462,407. istar Inc has a fifty-two week low of $10.95 and a fifty-two week high of $12.68. The company has a debt-to-equity ratio of 4.76, a current ratio of 6.50 and a quick ratio of 6.50. The stock has a market cap of $907.40, a P/E ratio of -21.55 and a beta of 1.26.

istar announced that its board has authorized a stock buyback plan on Thursday, December 14th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Several research analysts recently commented on STAR shares. BidaskClub raised istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.00 target price on shares of istar in a research note on Thursday, October 12th. TheStreet cut istar from a “c” rating to a “d” rating in a research note on Friday, November 17th. Finally, ValuEngine raised istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.00.

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in shares of istar by 410.1% in the 2nd quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 6,874 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of istar in the 3rd quarter valued at about $108,000. BNP Paribas Arbitrage SA lifted its holdings in shares of istar by 160.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 7,356 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of istar in the 2nd quarter valued at about $147,000. Finally, Magnetar Financial LLC purchased a new stake in istar during the 3rd quarter valued at 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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