iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. acquired 39,886 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average cost of $19.00 per share, with a total value of $757,834.00. Following the acquisition, the insider now owns 5,452,185 shares in the company, valued at $103,591,515. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 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 Wednesday, August 9th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The stock was bought at an average cost of $18.93 per share, with a total value of $755,041.98.
  • On Monday, August 7th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The stock was bought at an average cost of $18.94 per share, with a total value of $755,440.84.
  • On Friday, August 4th, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was bought at an average cost of $18.76 per share, with a total value of $735,392.00.
  • On Thursday, August 3rd, Istar Inc. acquired 36,936 shares of iStar Financial stock. The stock was bought at an average cost of $18.95 per share, with a total value of $699,937.20.
  • On Wednesday, August 2nd, Istar Inc. acquired 35,892 shares of iStar Financial stock. The stock was bought at an average cost of $18.55 per share, with a total value of $665,796.60.
  • On Tuesday, August 1st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was bought at an average cost of $18.48 per share, with a total value of $724,416.00.
  • On Monday, July 31st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was bought at an average cost of $18.44 per share, with a total value of $722,848.00.
  • On Friday, July 28th, Istar Inc. acquired 49,809 shares of iStar Financial stock. The stock was bought 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 bought 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 bought at an average cost of $18.95 per share, with a total value of $450,593.10.

Shares of iStar Financial Inc. (STAR) traded down 0.17% during trading on Wednesday, hitting $11.92. The stock had a trading volume of 353,946 shares. The stock has a market cap of $859.49 million, a price-to-earnings ratio of 24.03 and a beta of 1.29. iStar Financial Inc. has a 12-month low of $10.19 and a 12-month high of $12.83. The stock’s 50-day moving average is $12.03 and its 200-day moving average is $11.96.

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

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Several equities analysts have recently issued reports on the company. BidaskClub cut iStar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a report on Friday, July 21st. Finally, ValuEngine cut iStar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of iStar Financial by 43.9% in the first quarter. Sei Investments Co. now owns 9,017 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,749 shares during the period. SG Americas Securities LLC purchased a new stake in iStar Financial during the first quarter valued at approximately $111,000. Tudor Investment Corp ET AL purchased a new stake in iStar Financial during the first quarter valued at approximately $124,000. BNP Paribas Arbitrage SA boosted its stake in iStar Financial by 160.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 7,356 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in iStar Financial by 2.9% in the first quarter. Principal Financial Group Inc. now owns 13,449 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 373 shares during the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.

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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