istar Inc (NYSE:STAR) insider Marcos Alvarado acquired 26,846 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $3.72 per share, with a total value of $99,867.12.
Marcos Alvarado also recently made the following trade(s):
- On Monday, September 16th, Marcos Alvarado acquired 10,077 shares of istar stock. The stock was acquired at an average cost of $12.95 per share, with a total value of $130,497.15.
STAR stock traded down $0.05 during mid-day trading on Wednesday, reaching $12.66. The company had a trading volume of 69,356 shares, compared to its average volume of 577,344. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $790.18 million, a P/E ratio of -13.33 and a beta of 0.69. istar Inc has a one year low of $7.84 and a one year high of $13.75. The stock’s 50-day simple moving average is $12.86 and its two-hundred day simple moving average is $11.10.
Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in istar by 94.0% in the second quarter. Public Employees Retirement System of Ohio now owns 3,270 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,584 shares during the last quarter. Versant Capital Management Inc lifted its stake in istar by 3,459.8% in the second quarter. Versant Capital Management Inc now owns 3,631 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 3,529 shares during the last quarter. Bank of Montreal Can lifted its stake in istar by 870.1% in the second quarter. Bank of Montreal Can now owns 5,743 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 5,151 shares during the last quarter. Anderson Fisher LLC bought a new stake in istar in the second quarter valued at $82,000. Finally, Optimum Investment Advisors bought a new stake in istar in the second quarter valued at $103,000. Institutional investors own 90.35% of the company’s stock.
A number of equities research analysts have issued reports on STAR shares. TheStreet upgraded istar from a “d+” rating to a “c” rating in a research note on Thursday, August 1st. ValuEngine cut istar from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Raymond James raised their target price on istar from $12.50 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research cut istar from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.50.
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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