iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 35,892 shares of iStar Financial stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average cost of $18.55 per share, for a total transaction of $665,796.60. Following the completion of the acquisition, the insider now owns 5,256,391 shares in the company, valued at approximately $97,506,053.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, August 4th, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were bought at an average cost of $18.76 per share, for a total transaction of $735,392.00.
  • On Thursday, August 3rd, Istar Inc. bought 36,936 shares of iStar Financial stock. The shares were bought at an average cost of $18.95 per share, for a total transaction of $699,937.20.
  • On Tuesday, August 1st, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were bought at an average cost of $18.48 per share, for a total transaction of $724,416.00.
  • On Monday, July 31st, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were bought at an average cost of $18.44 per share, for a total transaction of $722,848.00.
  • On Friday, July 28th, Istar Inc. bought 49,809 shares of iStar Financial stock. The shares were bought at an average cost of $18.36 per share, for a total transaction of $914,493.24.
  • On Thursday, July 27th, Istar Inc. bought 23,912 shares of iStar Financial stock. The shares were bought at an average cost of $18.53 per share, for a total transaction of $443,089.36.
  • On Wednesday, July 26th, Istar Inc. bought 23,778 shares of iStar Financial stock. The shares were bought at an average cost of $18.95 per share, for a total transaction of $450,593.10.
  • On Tuesday, July 25th, Istar Inc. bought 11,760 shares of iStar Financial stock. The shares were bought at an average cost of $19.10 per share, for a total transaction of $224,616.00.
  • On Monday, July 24th, Istar Inc. bought 7,840 shares of iStar Financial stock. The shares were bought at an average cost of $19.48 per share, for a total transaction of $152,723.20.

Shares of iStar Financial Inc. (NYSE STAR) opened at 11.40 on Friday. The stock’s 50 day moving average price is $12.10 and its 200 day moving average price is $11.97. The firm has a market capitalization of $822.00 million, a price-to-earnings ratio of 22.98 and a beta of 1.29. iStar Financial Inc. has a 12-month low of $9.93 and a 12-month high of $12.83.

iStar Financial (NYSE:STAR) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by $0.63. iStar Financial had a net margin of 32.82% and a return on equity of 23.00%. The company had revenue of $347.87 million for the quarter. Equities research analysts expect that iStar Financial Inc. will post $3.14 earnings per share for the current year.

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Several analysts have recently issued reports on STAR shares. ValuEngine raised iStar Financial from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a report on Friday, July 21st. Finally, BidaskClub lowered iStar Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th.

Several hedge funds have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. raised its position in shares of iStar Financial by 0.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 7,502,961 shares of the real estate investment trust’s stock worth $88,535,000 after buying an additional 56,280 shares in the last quarter. First Trust Advisors LP raised its position in shares of iStar Financial by 137.7% in the first quarter. First Trust Advisors LP now owns 144,413 shares of the real estate investment trust’s stock worth $1,704,000 after buying an additional 83,648 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of iStar Financial by 14.4% in the first quarter. IndexIQ Advisors LLC now owns 74,652 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 9,372 shares in the last quarter. Real Estate Management Services LLC raised its position in shares of iStar Financial by 4.8% in the first quarter. Real Estate Management Services LLC now owns 2,313,500 shares of the real estate investment trust’s stock worth $27,299,000 after buying an additional 106,245 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of iStar Financial by 95.1% in the first quarter. Russell Investments Group Ltd. now owns 47,089 shares of the real estate investment trust’s stock worth $556,000 after buying an additional 22,951 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

iStar Financial 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 Financial (NYSE:STAR)

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