istar Inc (STAR) Major Shareholder Purchases $96,494.58 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 5,031 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $96,494.58. Following the completion of the transaction, the insider now directly owns 7,577,683 shares in the company, valued at approximately $145,339,959.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, December 10th, Istar Inc. acquired 4,005 shares of istar stock. The stock was purchased at an average price of $19.26 per share, for a total transaction of $77,136.30.
  • On Thursday, December 6th, Istar Inc. acquired 2,921 shares of istar stock. The stock was purchased at an average price of $18.74 per share, for a total transaction of $54,739.54.
  • On Wednesday, November 28th, Istar Inc. acquired 4,655 shares of istar stock. The stock was purchased at an average price of $19.62 per share, for a total transaction of $91,331.10.
  • On Monday, November 26th, Istar Inc. acquired 1,406 shares of istar stock. The stock was purchased at an average price of $19.15 per share, for a total transaction of $26,924.90.
  • On Friday, November 23rd, Istar Inc. acquired 912 shares of istar stock. The stock was purchased at an average price of $19.19 per share, for a total transaction of $17,501.28.
  • On Tuesday, November 20th, Istar Inc. acquired 4,076 shares of istar stock. The stock was purchased at an average price of $18.97 per share, for a total transaction of $77,321.72.
  • On Wednesday, November 7th, Istar Inc. purchased 2,455 shares of istar stock. The stock was bought at an average cost of $18.41 per share, for a total transaction of $45,196.55.
  • On Monday, November 5th, Istar Inc. purchased 4,104 shares of istar stock. The stock was bought at an average cost of $18.03 per share, for a total transaction of $73,995.12.
  • On Friday, November 2nd, Istar Inc. purchased 5,854 shares of istar stock. The stock was bought at an average cost of $17.95 per share, for a total transaction of $105,079.30.
  • On Wednesday, October 31st, Istar Inc. purchased 5,929 shares of istar stock. The stock was bought at an average cost of $17.70 per share, for a total transaction of $104,943.30.

STAR stock opened at $10.04 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 7.34 and a current ratio of 7.34. The firm has a market capitalization of $682.40 million, a PE ratio of 4.35 and a beta of 0.91. istar Inc has a twelve month low of $9.75 and a twelve month high of $11.88.

istar (NYSE:STAR) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.10). The company had revenue of $122.14 million during the quarter, compared to analyst estimates of $120.53 million. istar had a net margin of 10.29% and a return on equity of 11.04%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. On average, analysts expect that istar Inc will post 0.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.59%. The ex-dividend date was Wednesday, November 14th. istar’s payout ratio is presently 15.58%.

A number of research analysts have recently weighed in on STAR shares. ValuEngine raised istar from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research raised istar from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, October 11th.

A number of institutional investors have recently modified their holdings of STAR. Janney Montgomery Scott LLC acquired a new stake in istar during the 2nd quarter worth $680,000. Raymond James Financial Services Advisors Inc. raised its stake in istar by 9.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 199,653 shares of the real estate investment trust’s stock worth $2,154,000 after buying an additional 17,788 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in istar during the 2nd quarter worth $964,000. KBC Group NV raised its stake in istar by 218.4% during the 2nd quarter. KBC Group NV now owns 315,333 shares of the real estate investment trust’s stock worth $3,402,000 after buying an additional 216,298 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in istar by 124.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 260,621 shares of the real estate investment trust’s stock worth $2,812,000 after buying an additional 144,311 shares during the period. 92.94% of the stock is currently owned by institutional investors and hedge funds.

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About istar

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.

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