Istar Inc. Acquires 14,948 Shares of iStar Financial Inc. (STAR) Stock

iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 14,948 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $17.81 per share, for a total transaction of $266,223.88. Following the purchase, the insider now directly owns 6,339,424 shares in the company, valued at $112,905,141.44. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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 Thursday, November 9th, Istar Inc. purchased 12,747 shares of iStar Financial stock. The stock was bought at an average price of $17.93 per share, for a total transaction of $228,553.71.
  • On Wednesday, September 20th, Istar Inc. purchased 45,997 shares of iStar Financial stock. The stock was bought at an average price of $19.22 per share, for a total transaction of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. purchased 34,405 shares of iStar Financial stock. The stock was bought at an average price of $19.28 per share, for a total transaction of $663,328.40.
  • On Friday, September 1st, Istar Inc. purchased 16,738 shares of iStar Financial stock. The stock was bought at an average price of $19.74 per share, for a total transaction of $330,408.12.
  • On Thursday, August 31st, Istar Inc. purchased 19,600 shares of iStar Financial stock. The stock was bought at an average price of $19.71 per share, for a total transaction of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. acquired 19,707 shares of iStar Financial stock. The stock was acquired at an average cost of $19.66 per share, for a total transaction of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. acquired 24,332 shares of iStar Financial stock. The stock was acquired at an average cost of $19.53 per share, for a total transaction of $475,203.96.
  • On Monday, August 28th, Istar Inc. acquired 22,931 shares of iStar Financial stock. The stock was acquired at an average cost of $19.54 per share, for a total transaction of $448,071.74.
  • On Friday, August 25th, Istar Inc. acquired 28,719 shares of iStar Financial stock. The stock was acquired at an average cost of $19.48 per share, for a total transaction of $559,446.12.
  • On Thursday, August 24th, Istar Inc. acquired 29,792 shares of iStar Financial stock. The stock was acquired at an average cost of $19.38 per share, for a total transaction of $577,368.96.

iStar Financial Inc. (STAR) opened at $11.28 on Wednesday. The firm has a market capitalization of $770.66, a price-to-earnings ratio of 6.01 and a beta of 1.30. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. iStar Financial Inc. has a twelve month low of $10.95 and a twelve month high of $12.83.

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Several equities analysts recently issued reports on STAR shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. BidaskClub cut iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. ValuEngine cut iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised iStar Financial from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. iStar Financial currently has a consensus rating of “Hold” and an average target price of $14.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its holdings in shares of iStar Financial by 410.1% during the 2nd quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 6,874 shares during the period. Schroder Investment Management Group bought a new position in shares of iStar Financial during the 3rd quarter valued at $108,000. SG Americas Securities LLC bought a new position in shares of iStar Financial during the 1st quarter valued at $111,000. Tudor Investment Corp ET AL bought a new position in shares of iStar Financial during the 1st quarter valued at $124,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of iStar Financial by 160.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 7,356 shares during the period. 88.93% of the stock is currently owned by hedge funds and other institutional investors.

iStar Financial Company Profile

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 Financial (NYSE:STAR)

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