istar Inc (STAR) Major Shareholder Buys $183,431.60 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 10,340 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $17.74 per share, with a total value of $183,431.60. Following the purchase, the insider now directly owns 7,257,810 shares in the company, valued at approximately $128,753,549.40. The purchase was disclosed in a document filed with the SEC, which can be accessed 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 Friday, January 26th, Istar Inc. purchased 23,941 shares of istar stock. The shares were acquired at an average price of $17.83 per share, with a total value of $426,868.03.
  • On Wednesday, January 24th, Istar Inc. purchased 15,053 shares of istar stock. The shares were acquired at an average price of $17.92 per share, with a total value of $269,749.76.
  • On Monday, January 22nd, Istar Inc. purchased 25,000 shares of istar stock. The shares were acquired at an average price of $17.74 per share, with a total value of $443,500.00.
  • On Thursday, January 18th, Istar Inc. purchased 24,497 shares of istar stock. The shares were acquired at an average price of $17.83 per share, with a total value of $436,781.51.
  • On Tuesday, January 16th, Istar Inc. purchased 25,000 shares of istar stock. The shares were acquired at an average price of $17.87 per share, with a total value of $446,750.00.
  • 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of $449,000.00.

istar Inc (NYSE:STAR) traded down $0.24 on Monday, reaching $10.82. 822,944 shares of the company’s stock were exchanged, compared to its average volume of 412,284. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76. The stock has a market cap of $754.29, a P/E ratio of 11.89 and a beta of 1.26. istar Inc has a 1 year low of $10.80 and a 1 year high of $12.68.

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

istar declared that its board has initiated a share buyback program on Thursday, December 14th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms have issued reports on STAR. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price objective on shares of istar in a report on Thursday, October 12th. BidaskClub downgraded shares of istar from a “sell” rating to a “strong sell” rating in a report on Monday, October 23rd. TheStreet downgraded shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. Finally, ValuEngine raised shares of istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.00.

Several large investors have recently modified their holdings of the stock. James Investment Research Inc. boosted its holdings in shares of istar by 14.8% in the 4th quarter. James Investment Research Inc. now owns 77,980 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 10,070 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its holdings 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 worth $2,988,000 after buying an additional 88,730 shares during the last quarter. GSA Capital Partners LLP boosted its holdings 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 worth $427,000 after buying an additional 6,498 shares during the last quarter. Sterling Capital Management LLC boosted its holdings 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 worth $2,456,000 after buying an additional 16,855 shares during the last quarter. Finally, Claar Advisors LLC boosted its holdings 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 worth $9,735,000 after buying an additional 318,194 shares during the last quarter. 86.89% of the stock is currently owned by institutional investors.

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About istar

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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