iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 39,886 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average cost of $18.93 per share, with a total value of $755,041.98. Following the completion of the transaction, the insider now owns 5,452,185 shares in the company, valued at $103,209,862.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large 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 Tuesday, August 8th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were acquired at an average cost of $19.00 per share, with a total value of $757,834.00.
  • On Monday, August 7th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were acquired at an average cost of $18.94 per share, with a total value of $755,440.84.
  • On Friday, August 4th, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were acquired at an average cost of $18.76 per share, with a total value of $735,392.00.
  • On Thursday, August 3rd, Istar Inc. bought 36,936 shares of iStar Financial stock. The shares were acquired at an average cost of $18.95 per share, with a total value of $699,937.20.
  • On Wednesday, August 2nd, Istar Inc. bought 35,892 shares of iStar Financial stock. The shares were acquired at an average cost of $18.55 per share, with a total value of $665,796.60.
  • On Tuesday, August 1st, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were acquired at an average cost of $18.48 per share, with a total value of $724,416.00.
  • On Monday, July 31st, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were acquired at an average cost of $18.44 per share, with a total value of $722,848.00.
  • On Friday, July 28th, Istar Inc. bought 49,809 shares of iStar Financial stock. The shares were acquired at an average cost of $18.36 per share, with a total value of $914,493.24.
  • On Thursday, July 27th, Istar Inc. acquired 23,912 shares of iStar Financial stock. The stock was purchased at an average cost of $18.53 per share, with a total value of $443,089.36.
  • On Wednesday, July 26th, Istar Inc. acquired 23,778 shares of iStar Financial stock. The stock was purchased at an average cost of $18.95 per share, with a total value of $450,593.10.

Shares of iStar Financial Inc. (NYSE:STAR) traded down 0.17% during midday trading on Wednesday, reaching $11.92. The company had a trading volume of 353,946 shares. The company’s 50-day moving average is $12.03 and its 200-day moving average is $11.96. The stock has a market capitalization of $859.49 million, a PE ratio of 24.03 and a beta of 1.29. iStar Financial Inc. has a 1-year low of $10.19 and a 1-year high of $12.83.

iStar Financial (NYSE:STAR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by $0.63. The company had revenue of $347.87 million during the quarter. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. On average, equities research analysts forecast that iStar Financial Inc. will post $3.14 EPS for the current year.

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STAR has been the subject of several recent research reports. ValuEngine raised iStar Financial from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. BidaskClub lowered iStar Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a report on Friday, July 21st.

A number of hedge funds have recently modified their holdings of STAR. Vanguard Group Inc. boosted its stake in shares of iStar Financial by 2.2% in the first quarter. Vanguard Group Inc. now owns 11,136,556 shares of the real estate investment trust’s stock worth $131,411,000 after buying an additional 243,084 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake 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 during the last quarter. FMR LLC boosted its stake in shares of iStar Financial by 13.1% in the first quarter. FMR LLC now owns 5,087,931 shares of the real estate investment trust’s stock worth $60,038,000 after buying an additional 588,400 shares during the last quarter. UBS Group AG boosted its stake in shares of iStar Financial by 15.6% in the first quarter. UBS Group AG now owns 4,393,027 shares of the real estate investment trust’s stock worth $51,838,000 after buying an additional 591,244 shares during the last quarter. Finally, Real Estate Management Services LLC boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

About iStar Financial

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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