istar Inc (STAR) Major Shareholder Istar Inc. Acquires 10,937 Shares

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 10,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was bought at an average price of $18.08 per share, with a total value of $197,740.96. Following the transaction, the insider now owns 6,693,765 shares of the company’s stock, valued at approximately $121,023,271.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, December 18th, Istar Inc. purchased 10,000 shares of istar stock. The stock was bought at an average price of $18.17 per share, with a total value of $181,700.00.
  • On Friday, December 15th, Istar Inc. purchased 17,749 shares of istar stock. The stock was bought at an average price of $18.01 per share, with a total value of $319,659.49.
  • On Wednesday, December 13th, Istar Inc. purchased 12,800 shares of istar stock. The stock was bought at an average price of $18.15 per share, with a total value of $232,320.00.
  • On Monday, December 11th, Istar Inc. purchased 22,436 shares of istar stock. The stock was bought at an average price of $17.83 per share, with a total value of $400,033.88.
  • On Friday, December 8th, Istar Inc. purchased 19,962 shares of istar stock. The stock was bought at an average price of $17.90 per share, with a total value of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. purchased 21,900 shares of istar stock. The stock was bought at an average price of $17.86 per share, with a total value of $391,134.00.
  • On Monday, December 4th, Istar Inc. purchased 21,075 shares of istar stock. The stock was bought at an average price of $18.02 per share, with a total value of $379,771.50.
  • On Friday, December 1st, Istar Inc. purchased 9,785 shares of istar stock. The stock was bought at an average price of $18.13 per share, with a total value of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. purchased 6,773 shares of istar stock. The stock was bought at an average price of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. purchased 5,100 shares of istar stock. The stock was bought at an average price of $18.62 per share, with a total value of $94,962.00.

Shares of istar Inc (STAR) remained flat at $$11.37 during midday trading on Thursday. The stock had a trading volume of 291,974 shares, compared to its average volume of 484,123. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76. The firm has a market cap of $773.39, a P/E ratio of 6.03 and a beta of 1.26. istar Inc has a 52-week low of $10.95 and a 52-week high of $12.74.

istar announced that its Board of Directors has initiated a stock buyback program on Thursday, December 14th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts recently commented on STAR shares. ValuEngine upgraded istar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. TheStreet raised shares of istar from a “d+” rating to a “c” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.00 price objective on shares of istar in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. 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. The company has an average rating of “Hold” and a consensus price target of $14.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP lifted its stake in istar by 410.1% in the second quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 6,874 shares during the last quarter. Schroder Investment Management Group bought a new stake in istar in the third quarter worth about $108,000. BNP Paribas Arbitrage SA lifted its stake in istar by 160.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 7,356 shares during the last quarter. Stevens Capital Management LP bought a new stake in istar in the second quarter worth about $147,000. Finally, Magnetar Financial LLC bought a new stake in istar in the third quarter worth about $154,000. 87.49% of the stock is owned by institutional investors and hedge funds.

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istar Company Profile

iStar Inc finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.

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

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