Istar Inc. Purchases 24,254 Shares of istar Inc (STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 24,254 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was acquired at an average cost of $17.94 per share, with a total value of $435,116.76. Following the completion of the acquisition, the insider now owns 6,937,810 shares of the company’s stock, valued at approximately $124,464,311.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, January 4th, Istar Inc. bought 10,166 shares of istar stock. The stock was acquired at an average cost of $18.04 per share, with a total value of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was acquired at an average cost of $18.01 per share, with a total value of $319,659.49.

istar Inc (NYSE:STAR) opened at $11.17 on Wednesday. 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 company has a market cap of $887.47, a price-to-earnings ratio of -21.08 and a beta of 1.26. istar Inc has a one year low of $10.95 and a one year high of $12.68.

istar declared that its board has approved a stock repurchase program on Thursday, December 14th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Several research analysts have commented on STAR shares. ValuEngine raised shares of istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. TheStreet lowered shares of istar from a “c” rating to a “d” rating in a research note on Friday, November 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price objective on shares of istar in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. One equities research 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 stock currently has an average rating of “Hold” and a consensus price target of $14.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of STAR. Russell Investments Group Ltd. boosted its stake in istar by 11.4% during the second quarter. Russell Investments Group Ltd. now owns 52,469 shares of the real estate investment trust’s stock worth $631,000 after buying an additional 5,380 shares during the period. Sei Investments Co. boosted its stake in istar by 57.4% during the second quarter. Sei Investments Co. now owns 14,196 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 5,179 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in istar by 52.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 500,840 shares of the real estate investment trust’s stock worth $6,031,000 after buying an additional 171,856 shares during the period. Bank of New York Mellon Corp boosted its stake in istar by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 437,418 shares of the real estate investment trust’s stock worth $5,267,000 after buying an additional 38,450 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in istar by 160.6% during the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 7,356 shares during the period. 87.49% of the stock is owned by institutional investors.

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About istar

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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