Insider Buying: istar Inc (NYSE:STAR) Major Shareholder Purchases $162,800.00 in Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 5,000 shares of istar stock in a transaction dated Friday, July 12th. The shares were purchased at an average price of $32.56 per share, with a total value of $162,800.00. Following the completion of the acquisition, the insider now owns 20,635,054 shares in the company, valued at $671,877,358.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Monday, July 15th, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $32.41 per share, with a total value of $162,050.00.
  • On Wednesday, July 10th, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $32.73 per share, with a total value of $163,650.00.
  • On Monday, July 8th, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $31.53 per share, with a total value of $157,650.00.
  • On Friday, July 5th, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $31.08 per share, with a total value of $155,400.00.
  • On Wednesday, July 3rd, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $30.95 per share, with a total value of $154,750.00.
  • On Monday, July 1st, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $30.11 per share, with a total value of $150,550.00.
  • On Friday, June 28th, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $29.67 per share, with a total value of $148,350.00.
  • On Wednesday, June 26th, Istar Inc. purchased 5,000 shares of istar stock. The shares were purchased at an average price of $28.20 per share, with a total value of $141,000.00.
  • On Monday, June 24th, Istar Inc. purchased 4,644 shares of istar stock. The shares were purchased at an average price of $28.73 per share, with a total value of $133,422.12.
  • On Friday, June 21st, Istar Inc. purchased 4,826 shares of istar stock. The shares were purchased at an average price of $28.50 per share, with a total value of $137,541.00.

STAR opened at $12.69 on Friday. The stock has a 50 day moving average of $12.12. istar Inc has a twelve month low of $7.84 and a twelve month high of $12.93. The company has a current ratio of 3.68, a quick ratio of 3.68 and a debt-to-equity ratio of 3.07. The firm has a market cap of $825.49 million, a price-to-earnings ratio of -13.36 and a beta of 0.70.

istar (NYSE:STAR) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.05). istar had a negative return on equity of 5.87% and a negative net margin of 14.17%. The company had revenue of $106.80 million during the quarter, compared to analyst estimates of $125.90 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was down 70.7% compared to the same quarter last year. On average, research analysts expect that istar Inc will post -0.93 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of STAR. PNC Financial Services Group Inc. lifted its holdings in istar by 444.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,440 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,808 shares during the last quarter. Versant Capital Management Inc lifted its holdings in istar by 3,459.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,631 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 3,529 shares during the last quarter. MML Investors Services LLC acquired a new stake in istar in the 4th quarter worth approximately $92,000. Everence Capital Management Inc. acquired a new stake in istar in the 1st quarter worth approximately $120,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in istar by 176.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,824 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 9,458 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Several equities research analysts have recently issued reports on STAR shares. Raymond James reiterated a “buy” rating on shares of Tamarack-Valley-Energy in a report on Tuesday, May 28th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday.

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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