istar Inc (NYSE:STAR) Insider Buys $99,867.12 in Stock

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.

istar (NYSE:STAR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $4.85. The company had revenue of $98.47 million for the quarter, compared to analysts’ expectations of $97.50 million. istar had a return on equity of 22.16% and a net margin of 52.01%. During the same period last year, the business posted $0.55 earnings per share. On average, research analysts forecast that istar Inc will post 3.89 EPS for the current fiscal year.

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

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