Istar Inc. Acquires 5,000 Shares of istar Inc (NYSE:STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was bought at an average cost of $32.73 per share, for a total transaction of $163,650.00. Following the completion of the transaction, the insider now directly owns 20,620,054 shares in the company, valued at $674,894,367.42. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% 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. bought 5,000 shares of istar stock. The stock was bought at an average cost of $31.53 per share, for a total transaction of $157,650.00.
  • On Friday, July 5th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $31.08 per share, for a total transaction of $155,400.00.
  • On Wednesday, July 3rd, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $30.95 per share, for a total transaction of $154,750.00.
  • On Monday, July 1st, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $30.11 per share, for a total transaction of $150,550.00.
  • On Friday, June 28th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $29.67 per share, for a total transaction of $148,350.00.
  • On Wednesday, June 26th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $28.20 per share, for a total transaction of $141,000.00.
  • On Monday, June 24th, Istar Inc. bought 4,644 shares of istar stock. The stock was bought at an average cost of $28.73 per share, for a total transaction of $133,422.12.
  • On Friday, June 21st, Istar Inc. bought 4,826 shares of istar stock. The stock was bought at an average cost of $28.50 per share, for a total transaction of $137,541.00.
  • On Wednesday, June 19th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $28.70 per share, for a total transaction of $143,500.00.
  • On Monday, June 17th, Istar Inc. bought 5,000 shares of istar stock. The stock was bought at an average cost of $29.16 per share, for a total transaction of $145,800.00.

Shares of istar stock opened at $12.72 on Friday. istar Inc has a 1 year low of $7.84 and a 1 year high of $12.93. The company has a debt-to-equity ratio of 3.07, a current ratio of 3.68 and a quick ratio of 3.68. The stock has a market cap of $822.91 million, a P/E ratio of -13.39 and a beta of 0.70. The stock’s fifty day simple moving average is $11.77.

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

A number of institutional investors have recently modified their holdings of STAR. 6 Meridian lifted its stake in shares of istar by 2.3% in the 2nd quarter. 6 Meridian now owns 52,028 shares of the real estate investment trust’s stock worth $646,000 after acquiring an additional 1,146 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of istar by 9.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 17,940 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 1,492 shares during the period. Texas Permanent School Fund lifted its stake in shares of istar by 4.0% in the 1st quarter. Texas Permanent School Fund now owns 46,278 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 1,787 shares during the period. Comerica Bank lifted its stake in shares of istar by 2.9% in the 1st quarter. Comerica Bank now owns 67,224 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 1,925 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of istar by 1.0% in the 1st quarter. Rhumbline Advisers now owns 206,520 shares of the real estate investment trust’s stock worth $1,739,000 after acquiring an additional 2,094 shares during the period. 90.37% of the stock is currently owned by institutional investors.

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

istar Company Profile

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

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