istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 25,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were purchased at an average cost of $17.87 per share, with a total value of $446,750.00. Following the completion of the acquisition, the insider now directly owns 7,084,256 shares in the company, valued at approximately $126,595,654.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Friday, January 12th, Istar Inc. acquired 25,000 shares of istar stock. The shares were purchased at an average cost of $17.97 per share, with a total value of $449,250.00.
  • On Wednesday, January 10th, Istar Inc. acquired 25,000 shares of istar stock. The shares were purchased at an average cost of $17.91 per share, with a total value of $447,750.00.
  • On Monday, January 8th, Istar Inc. acquired 24,254 shares of istar stock. The shares were purchased at an average cost of $17.94 per share, with a total value of $435,116.76.
  • On Thursday, January 4th, Istar Inc. acquired 10,166 shares of istar stock. The shares were purchased at an average cost of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. acquired 25,000 shares of istar stock. The shares were purchased at an average cost of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. acquired 24,441 shares of istar stock. The shares were purchased at an average cost of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. acquired 24,646 shares of istar stock. The shares were purchased at an average cost of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. acquired 25,000 shares of istar stock. The shares were purchased at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. acquired 24,031 shares of istar stock. The shares were purchased at an average cost of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. acquired 24,047 shares of istar stock. The shares were purchased at an average cost of $17.75 per share, with a total value of $426,834.25.

Shares of istar Inc (NYSE STAR) traded up $0.01 during mid-day trading on Wednesday, hitting $11.22. The stock had a trading volume of 399,494 shares, compared to its average volume of 464,249. 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 company has a market cap of $891.32, a PE ratio of -21.17 and a beta of 1.26. istar Inc has a one year low of $10.95 and a one year high of $12.68.

istar (NYSE:STAR) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.09) EPS for the quarter. istar had a net margin of 24.13% and a return on equity of 19.57%.

istar announced that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase 50,000,000 shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. grew its position in shares of istar by 50.5% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 264,458 shares of the real estate investment trust’s stock valued at $2,988,000 after purchasing an additional 88,730 shares during the period. GSA Capital Partners LLP grew its position in shares of istar by 21.9% in the 3rd quarter. GSA Capital Partners LLP now owns 36,154 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 6,498 shares during the period. Sterling Capital Management LLC grew its position in shares of istar by 8.8% in the 3rd quarter. Sterling Capital Management LLC now owns 208,155 shares of the real estate investment trust’s stock valued at $2,456,000 after purchasing an additional 16,855 shares during the period. Claar Advisors LLC grew its position in shares of istar by 62.8% in the 3rd quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock valued at $9,735,000 after purchasing an additional 318,194 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of istar in the 3rd quarter valued at approximately $154,000. 87.49% of the stock is owned by institutional investors.

STAR has been the subject of a number of recent analyst reports. BidaskClub cut istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. ValuEngine raised istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. TheStreet cut istar from a “c” rating to a “d” rating in a research note on Friday, November 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 price target on shares of istar in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. istar has an average rating of “Hold” and a consensus 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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