Forward Management LLC held its position in iStar Financial Inc. (NYSE:STAR) during the second quarter, Holdings Channel reports. The institutional investor owned 39,000 shares of the real estate investment trust’s stock at the end of the second quarter. Forward Management LLC’s holdings in iStar Financial were worth $470,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in iStar Financial by 57.4% in the second quarter. Sei Investments Co. now owns 14,196 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 5,179 shares during the last quarter. Affinity Investment Advisors LLC raised its position in iStar Financial by 14.2% in the second quarter. Affinity Investment Advisors LLC now owns 20,583 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 2,564 shares during the last quarter. Russell Investments Group Ltd. raised its position in iStar Financial by 11.4% in the second quarter. Russell Investments Group Ltd. now owns 52,469 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 5,380 shares during the last quarter. Aperio Group LLC raised its position in iStar Financial by 22.3% in the second quarter. Aperio Group LLC now owns 51,086 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 9,322 shares during the last quarter. Finally, Bank of Montreal Can raised its position in iStar Financial by 115.4% in the second quarter. Bank of Montreal Can now owns 112,000 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 60,000 shares during the last quarter. Institutional investors own 82.78% of the company’s stock.

iStar Financial Inc. (STAR) opened at 11.85 on Friday. The firm has a market capitalization of $855.45 million, a price-to-earnings ratio of 6.45 and a beta of 1.29. The stock has a 50 day moving average of $11.99 and a 200 day moving average of $11.96. iStar Financial Inc. has a one year low of $10.19 and a one 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 firm had revenue of $347.87 million for the quarter. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. Analysts forecast that iStar Financial Inc. will post $3.14 earnings per share for the current year.

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

In other news, major shareholder Istar Inc. purchased 11,760 shares of the stock in a transaction dated Tuesday, July 25th. The stock was acquired at an average cost of $19.10 per share, for a total transaction of $224,616.00. Following the completion of the acquisition, the insider now directly owns 5,044,600 shares in the company, valued at approximately $96,351,860. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 506,957 shares of company stock valued at $9,517,491. Insiders own 4.76% 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.

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Institutional Ownership by Quarter for iStar Financial (NYSE:STAR)

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