Istar Inc. Acquires 10,166 Shares of istar Inc (STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 10,166 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were acquired at an average cost of $18.04 per share, with a total value of $183,394.64. Following the acquisition, the insider now directly owns 6,937,810 shares of the company’s stock, valued at $125,158,092.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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, January 8th, Istar Inc. bought 24,254 shares of istar stock. The shares were acquired at an average cost of $17.94 per share, with a total value of $435,116.76.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The shares were acquired at an average cost of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. bought 24,441 shares of istar stock. The shares were acquired at an average cost of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. bought 24,646 shares of istar stock. The shares were acquired at an average cost of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. bought 25,000 shares of istar stock. The shares were acquired at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. bought 24,031 shares of istar stock. The shares were acquired at an average cost of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. bought 24,047 shares of istar stock. The shares were acquired at an average cost of $17.75 per share, with a total value of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. bought 10,937 shares of istar stock. The shares were acquired at an average cost of $18.08 per share, with a total value of $197,740.96.
  • On Monday, December 18th, Istar Inc. bought 10,000 shares of istar stock. The shares were acquired at an average cost of $18.17 per share, with a total value of $181,700.00.
  • On Friday, December 15th, Istar Inc. bought 17,749 shares of istar stock. The shares were acquired at an average cost of $18.01 per share, with a total value of $319,659.49.

Shares of istar Inc (NYSE:STAR) traded up $0.02 during mid-day trading on Monday, hitting $11.27. 385,780 shares of the stock traded hands, compared to its average volume of 452,419. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. The firm has a market cap of $894.79, a PE ratio of -21.26 and a beta of 1.26. istar Inc has a 1 year low of $10.95 and a 1 year high of $12.68.

istar declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

STAR has been the subject of a number of research reports. TheStreet lowered shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. ValuEngine raised shares of istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 target price on shares of istar in a report on Thursday, October 12th. Finally, BidaskClub raised shares of istar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.00.

Several hedge funds have recently made changes to their positions in STAR. Private Management Group Inc. boosted its position in shares of istar by 332.3% during the 3rd quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock valued at $6,249,000 after acquiring an additional 407,069 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in shares of istar during the 2nd quarter valued at about $4,188,000. American Century Companies Inc. acquired a new position in shares of istar during the 3rd quarter valued at about $3,914,000. Claar Advisors LLC boosted its position in shares of istar by 62.8% during the 3rd quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock valued at $9,735,000 after acquiring an additional 318,194 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of istar by 63.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 818,793 shares of the real estate investment trust’s stock valued at $9,662,000 after acquiring an additional 317,953 shares during the last quarter. 87.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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