Shares of iStar Financial Inc. (NYSE:STAR) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $13.00 for the company, according to Zacks. Zacks has also assigned iStar Financial an industry rank of 100 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods boosted their price objective on shares of iStar Financial from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 5th.
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in iStar Financial during the fourth quarter worth $8,842,000. BlackRock Fund Advisors boosted its position in iStar Financial by 20.2% in the second quarter. BlackRock Fund Advisors now owns 3,509,202 shares of the company’s stock worth $33,653,000 after buying an additional 589,765 shares during the period. Real Estate Management Services LLC boosted its position in iStar Financial by 16.9% in the second quarter. Real Estate Management Services LLC now owns 3,013,100 shares of the company’s stock worth $28,896,000 after buying an additional 434,600 shares during the period. Carleon Capital Partners LLC bought a new position in iStar Financial during the second quarter worth $3,008,000. Finally, UBS Group AG boosted its position in iStar Financial by 8.7% in the first quarter. UBS Group AG now owns 3,285,485 shares of the company’s stock worth $31,738,000 after buying an additional 262,361 shares during the period. 89.12% of the stock is currently owned by institutional investors.
Shares of iStar Financial (NYSE:STAR) opened at 10.73 on Wednesday. The firm has a market capitalization of $763.72 million, a PE ratio of 48.33 and a beta of 1.76. iStar Financial has a 52-week low of $7.59 and a 52-week high of $13.34. The company’s 50-day moving average is $10.74 and its 200 day moving average is $10.01.
iStar Financial (NYSE:STAR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $109.20 million. iStar Financial had a net margin of 13.07% and a return on equity of 13.52%. Equities analysts expect that iStar Financial will post $0.84 earnings per share for the current fiscal year.
About iStar Financial
iStar Inc, formerly iStar Financial Inc, finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company is focused on the commercial real estate industry. Its business segments are Real Estate Finance, Net Lease, Operating Properties and Land & Development.
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