istar Inc (STAR) Major Shareholder Buys $77,321.72 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 4,076 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $18.97 per share, with a total value of $77,321.72. Following the acquisition, the insider now owns 7,522,560 shares of the company’s stock, valued at $142,702,963.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, November 7th, Istar Inc. acquired 2,455 shares of istar stock. The stock was acquired at an average cost of $18.41 per share, with a total value of $45,196.55.
  • On Monday, November 5th, Istar Inc. acquired 4,104 shares of istar stock. The stock was acquired at an average cost of $18.03 per share, with a total value of $73,995.12.
  • On Friday, November 2nd, Istar Inc. acquired 5,854 shares of istar stock. The stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost of $16.35 per share, with a total value of $2,118,960.00.

Shares of STAR opened at $10.42 on Friday. istar Inc has a 1 year low of $9.75 and a 1 year high of $11.88. The firm has a market cap of $705.51 million, a PE ratio of 8.58 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 results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.10). istar had a net margin of 10.29% and a return on equity of 11.04%. The firm had revenue of $122.14 million for the quarter, compared to analyst estimates of $120.53 million. During the same period last year, the firm posted ($0.05) EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that istar Inc will post 0.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, November 14th. istar’s dividend payout ratio (DPR) is 15.58%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of istar by 14.0% during the third quarter. LPL Financial LLC now owns 46,425 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 5,684 shares during the period. American International Group Inc. boosted its holdings in shares of istar by 21.4% during the third quarter. American International Group Inc. now owns 51,467 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 9,061 shares during the period. Swiss National Bank boosted its holdings in shares of istar by 8.8% during the second quarter. Swiss National Bank now owns 122,300 shares of the real estate investment trust’s stock valued at $1,320,000 after acquiring an additional 9,900 shares during the period. Affinity Investment Advisors LLC boosted its holdings in shares of istar by 36.5% during the third quarter. Affinity Investment Advisors LLC now owns 40,897 shares of the real estate investment trust’s stock valued at $457,000 after acquiring an additional 10,932 shares during the period. Finally, Stevens Capital Management LP boosted its holdings in shares of istar by 114.6% during the second quarter. Stevens Capital Management LP now owns 25,345 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 13,533 shares during the period. 91.11% of the stock is owned by institutional investors.

A number of research firms have commented on STAR. Zacks Investment Research downgraded shares of istar from a “buy” rating to a “hold” rating in a report on Saturday, November 3rd. ValuEngine downgraded shares of istar from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th.

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istar Company Profile

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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