iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 45,997 shares of iStar Financial stock in a transaction that occurred on Wednesday, September 20th. The shares were bought at an average cost of $19.22 per share, with a total value of $884,062.34. Following the completion of the transaction, the insider now directly owns 6,245,061 shares of the company’s stock, valued at approximately $120,030,072.42. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major 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 Tuesday, September 19th, Istar Inc. purchased 34,405 shares of iStar Financial stock. The shares were bought at an average cost of $19.28 per share, with a total value of $663,328.40.
  • On Friday, September 1st, Istar Inc. purchased 16,738 shares of iStar Financial stock. The shares were bought at an average cost of $19.74 per share, with a total value of $330,408.12.
  • On Thursday, August 31st, Istar Inc. purchased 19,600 shares of iStar Financial stock. The shares were bought at an average cost of $19.71 per share, with a total value of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. purchased 19,707 shares of iStar Financial stock. The shares were bought at an average cost of $19.66 per share, with a total value of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. purchased 24,332 shares of iStar Financial stock. The shares were bought at an average cost of $19.53 per share, with a total value of $475,203.96.
  • On Monday, August 28th, Istar Inc. purchased 22,931 shares of iStar Financial stock. The shares were bought at an average cost of $19.54 per share, with a total value of $448,071.74.
  • On Friday, August 25th, Istar Inc. purchased 28,719 shares of iStar Financial stock. The shares were bought at an average cost of $19.48 per share, with a total value of $559,446.12.
  • On Thursday, August 24th, Istar Inc. purchased 29,792 shares of iStar Financial stock. The shares were bought at an average cost of $19.38 per share, with a total value of $577,368.96.
  • On Wednesday, August 23rd, Istar Inc. purchased 29,865 shares of iStar Financial stock. The shares were bought at an average cost of $19.39 per share, with a total value of $579,082.35.
  • On Friday, August 18th, Istar Inc. purchased 19,600 shares of iStar Financial stock. The shares were 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) opened at 11.42 on Friday. The stock has a 50 day moving average price of $11.67 and a 200-day moving average price of $11.94. The firm has a market capitalization of $824.41 million, a PE ratio of 6.22 and a beta of 1.29. iStar Financial Inc. has a 52-week low of $10.45 and a 52-week high of $12.83.

iStar Financial (NYSE:STAR) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.63). The business 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%. Equities analysts forecast that iStar Financial Inc. will post $3.09 EPS for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings 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 valued at $131,411,000 after acquiring an additional 243,084 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of iStar Financial in the first quarter valued at approximately $7,337,000. Great Lakes Advisors LLC grew its holdings in shares of iStar Financial by 22.2% in the second quarter. Great Lakes Advisors LLC now owns 145,834 shares of the real estate investment trust’s stock valued at $1,756,000 after acquiring an additional 26,468 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of iStar Financial by 405.5% in the second quarter. Private Management Group Inc. now owns 122,487 shares of the real estate investment trust’s stock valued at $1,475,000 after acquiring an additional 98,257 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of iStar Financial by 10.7% in the first quarter. Bank of America Corp DE now owns 274,267 shares of the real estate investment trust’s stock valued at $3,236,000 after acquiring an additional 26,611 shares in the last quarter. 83.35% of the stock is owned by institutional investors.

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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