istar Inc (NYSE:STAR) Major Shareholder Buys $163,650.00 in Stock

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istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 5,000 shares of istar stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average price of $32.73 per share, with a total value of $163,650.00. Following the completion of the purchase, the insider now owns 20,620,054 shares of the company’s stock, valued at $674,894,367.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Monday, July 8th, Istar Inc. purchased 5,000 shares of istar stock. The shares were bought 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 bought 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 bought 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 bought 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 bought 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 bought 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 bought 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 bought at an average price of $28.50 per share, with a total value of $137,541.00.
  • On Wednesday, June 19th, Istar Inc. purchased 5,000 shares of istar stock. The shares were bought at an average price of $28.70 per share, with a total value of $143,500.00.
  • On Monday, June 17th, Istar Inc. purchased 5,000 shares of istar stock. The shares were bought at an average price of $29.16 per share, with a total value of $145,800.00.

Shares of STAR stock opened at $12.72 on Friday. The firm’s 50 day moving average is $11.77. The company has a debt-to-equity ratio of 3.07, a quick ratio of 3.68 and a current ratio of 3.68. The stock has a market capitalization of $818.38 million, a PE ratio of -13.39 and a beta of 0.70. istar Inc has a twelve month low of $7.84 and a twelve month high of $12.93.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan acquired a new stake in istar in the fourth quarter valued at approximately $180,000. Prudential Financial Inc. grew its holdings in istar by 73.7% in the fourth quarter. Prudential Financial Inc. now owns 524,734 shares of the real estate investment trust’s stock valued at $4,812,000 after purchasing an additional 222,710 shares during the period. Dalton Greiner Hartman Maher & Co. grew its holdings in istar by 21.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 576,485 shares of the real estate investment trust’s stock valued at $4,854,000 after purchasing an additional 102,363 shares during the period. Geode Capital Management LLC grew its holdings in istar by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock valued at $6,477,000 after purchasing an additional 30,935 shares during the period. Finally, Norges Bank acquired a new stake in istar in the fourth quarter valued at approximately $7,982,000. 90.37% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Raymond James reiterated a “buy” rating on shares of Tamarack-Valley-Energy in a research report on Tuesday, May 28th.

About istar

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.

See Also: What are some reasons analysts would give stocks a buy rating?

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

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