iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 34,405 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was bought at an average cost of $19.28 per share, with a total value of $663,328.40. Following the completion of the acquisition, the insider now owns 6,245,061 shares of the company’s stock, valued at approximately $120,404,776.08. The transaction was disclosed in a filing with the SEC, which is accessible 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 Wednesday, September 20th, Istar Inc. bought 45,997 shares of iStar Financial stock. The stock was bought at an average cost of $19.22 per share, with a total value of $884,062.34.
  • On Friday, September 1st, Istar Inc. bought 16,738 shares of iStar Financial stock. The stock was bought at an average cost of $19.74 per share, with a total value of $330,408.12.
  • On Thursday, August 31st, Istar Inc. bought 19,600 shares of iStar Financial stock. The stock was bought at an average cost of $19.71 per share, with a total value of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. bought 19,707 shares of iStar Financial stock. The stock was bought at an average cost of $19.66 per share, with a total value of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. bought 24,332 shares of iStar Financial stock. The stock was bought at an average cost of $19.53 per share, with a total value of $475,203.96.
  • On Monday, August 28th, Istar Inc. bought 22,931 shares of iStar Financial stock. The stock was bought at an average cost of $19.54 per share, with a total value of $448,071.74.
  • On Friday, August 25th, Istar Inc. bought 28,719 shares of iStar Financial stock. The stock was bought at an average cost of $19.48 per share, with a total value of $559,446.12.
  • On Thursday, August 24th, Istar Inc. bought 29,792 shares of iStar Financial stock. The stock was bought at an average cost of $19.38 per share, with a total value of $577,368.96.
  • On Wednesday, August 23rd, Istar Inc. bought 29,865 shares of iStar Financial stock. The stock was bought at an average cost of $19.39 per share, with a total value of $579,082.35.
  • On Friday, August 18th, Istar Inc. bought 19,600 shares of iStar Financial stock. The stock was bought at an average cost of $19.68 per share, with a total value of $385,728.00.

Shares of iStar Financial Inc. (NYSE STAR) traded up 0.2117% on Thursday, hitting $11.4542. 113,104 shares of the stock were exchanged. The firm’s 50-day moving average is $11.67 and its 200-day moving average is $11.94. The company has a market cap of $826.88 million, a P/E ratio of 6.2387 and a beta of 1.29. iStar Financial Inc. has a one year low of $10.45 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 earnings per share 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 analysts forecast that iStar Financial Inc. will post $3.09 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in STAR. Bank of Montreal Can acquired a new stake in iStar Financial during the first quarter valued at approximately $614,000. Russell Investments Group Ltd. lifted its stake in iStar Financial by 95.1% during the first quarter. Russell Investments Group Ltd. now owns 47,089 shares of the real estate investment trust’s stock valued at $556,000 after purchasing an additional 22,951 shares during the last quarter. First Trust Advisors LP lifted its stake in iStar Financial by 137.7% during the first quarter. First Trust Advisors LP now owns 144,413 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 83,648 shares during the last quarter. Karp Capital Management Corp acquired a new stake in iStar Financial during the first quarter valued at approximately $493,000. Finally, Sei Investments Co. lifted its stake in iStar Financial by 43.9% during the first quarter. Sei Investments Co. now owns 9,017 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 2,749 shares during the last quarter. 83.35% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on STAR. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of iStar Financial in a report on Friday, July 21st. ValuEngine raised shares of iStar Financial from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. BidaskClub cut shares of iStar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, TheStreet raised shares of iStar Financial from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.00.

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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