Insider Buying: istar Inc (STAR) Major Shareholder Buys $45,196.55 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 2,455 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average cost of $18.41 per share, for a total transaction of $45,196.55. Following the purchase, the insider now directly owns 7,487,326 shares in the company, valued at approximately $137,841,671.66. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 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, 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. acquired 5,854 shares of istar stock. The shares were acquired at an average price of $17.95 per share, with a total value of $105,079.30.
  • On Wednesday, October 31st, Istar Inc. acquired 5,929 shares of istar stock. The shares were acquired at an average price of $17.70 per share, with a total value of $104,943.30.
  • On Monday, October 29th, Istar Inc. acquired 7,137 shares of istar stock. The shares were acquired at an average price of $17.57 per share, with a total value of $125,397.09.
  • On Friday, October 26th, Istar Inc. acquired 8,200 shares of istar stock. The shares were acquired at an average price of $17.70 per share, with a total value of $145,140.00.
  • On Thursday, September 13th, Istar Inc. acquired 3,924 shares of istar stock. The shares were acquired at an average price of $16.90 per share, with a total value of $66,315.60.
  • On Thursday, September 6th, Istar Inc. acquired 129,600 shares of istar stock. The shares were acquired at an average price of $16.35 per share, with a total value of $2,118,960.00.

Shares of NYSE STAR opened at $10.62 on Friday. istar Inc has a one year low of $9.75 and a one year high of $11.88. The stock has a market cap of $721.82 million, a price-to-earnings ratio of 8.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.05, a current ratio of 7.34 and a quick ratio of 7.34.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 3.39%. istar’s payout ratio is presently 15.58%.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered istar from a “buy” rating to a “hold” rating in a research report on Saturday, November 3rd. ValuEngine lowered istar from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of istar during the 2nd quarter valued at about $147,000. Piedmont Investment Advisors Inc. lifted its holdings in shares of istar by 1,281.1% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 15,606 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 14,476 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of istar during the 3rd quarter valued at about $181,000. Mcclain Value Management LLC acquired a new stake in shares of istar during the 3rd quarter valued at about $202,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of istar during the 3rd quarter valued at about $244,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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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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Insider Buying and Selling by Quarter for istar (NYSE:STAR)

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