istar Inc (NYSE:STAR) Major Shareholder Purchases $227,625.00 in Stock

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istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 7,500 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $30.35 per share, for a total transaction of $227,625.00. Following the acquisition, the insider now owns 27,048,343 shares of the company’s stock, valued at $820,917,210.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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, September 16th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $30.28 per share, for a total transaction of $227,100.00.
  • On Wednesday, September 11th, Istar Inc. acquired 34,946 shares of istar stock. The shares were bought at an average price of $28.38 per share, for a total transaction of $991,767.48.
  • On Monday, September 9th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $27.09 per share, for a total transaction of $203,175.00.
  • On Friday, September 6th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $28.02 per share, for a total transaction of $210,150.00.
  • On Wednesday, September 4th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $28.96 per share, for a total transaction of $217,200.00.
  • On Wednesday, August 28th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $29.09 per share, for a total transaction of $218,175.00.
  • On Monday, August 26th, Istar Inc. acquired 19,500 shares of istar stock. The shares were bought at an average price of $28.58 per share, for a total transaction of $557,310.00.
  • On Friday, August 23rd, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $28.38 per share, for a total transaction of $212,850.00.
  • On Wednesday, August 21st, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $28.88 per share, for a total transaction of $216,600.00.
  • On Monday, August 19th, Istar Inc. acquired 7,500 shares of istar stock. The shares were bought at an average price of $29.07 per share, for a total transaction of $218,025.00.

Shares of NYSE:STAR opened at $13.05 on Friday. istar Inc has a twelve month low of $7.84 and a twelve month high of $13.75. The company’s 50 day moving average is $12.94 and its 200 day moving average is $10.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 2.35. The company has a market cap of $807.54 million, a PE ratio of -13.74 and a beta of 0.69.

istar (NYSE:STAR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $4.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $4.85. istar had a net margin of 52.01% and a return on equity of 22.16%. The company had revenue of $98.47 million for the quarter, compared to the consensus estimate of $97.50 million. During the same quarter in the prior year, the company earned $0.55 EPS. Equities research analysts predict that istar Inc will post 3.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.40 annualized dividend and a yield of 3.07%. istar’s dividend payout ratio (DPR) is presently -42.11%.

Several research firms have recently issued reports on STAR. TheStreet upgraded shares of istar from a “d+” rating to a “c” rating in a report on Thursday, August 1st. Raymond James increased their price target on shares of istar from $12.50 to $17.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Zacks Investment Research downgraded shares of istar from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, ValuEngine downgraded shares of istar from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.50.

A number of large investors have recently modified their holdings of STAR. Public Employees Retirement System of Ohio increased its holdings in istar by 94.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,270 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,584 shares during the period. Versant Capital Management Inc increased its holdings in istar by 3,459.8% in the 2nd quarter. Versant Capital Management Inc now owns 3,631 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,529 shares during the period. Bank of Montreal Can increased its holdings in istar by 870.1% in the 2nd quarter. Bank of Montreal Can now owns 5,743 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 5,151 shares during the period. Anderson Fisher LLC acquired a new position in istar in the 2nd quarter worth approximately $82,000. Finally, Optimum Investment Advisors acquired a new position in istar in the 2nd quarter worth approximately $103,000. Institutional investors own 90.33% of the company’s stock.

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.

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