iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 14,948 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average price of $17.81 per share, for a total transaction of $266,223.88. Following the purchase, the insider now directly owns 6,339,424 shares in the company, valued at approximately $112,905,141.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 Thursday, November 9th, Istar Inc. bought 12,747 shares of iStar Financial stock. The shares were bought at an average price of $17.93 per share, for a total transaction of $228,553.71.
  • On Wednesday, September 20th, Istar Inc. bought 45,997 shares of iStar Financial stock. The shares were bought at an average price of $19.22 per share, for a total transaction of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. purchased 34,405 shares of iStar Financial stock. The shares were acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired at an average cost of $19.38 per share, with a total value of $577,368.96.

Shares of iStar Financial Inc. (STAR) opened at $11.30 on Tuesday. iStar Financial Inc. has a 52-week low of $10.95 and a 52-week high of $12.83. The company has a market cap of $771.34, a PE ratio of 6.02 and a beta of 1.30. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50.

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Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.00 price target on shares of iStar Financial in a research report on Thursday, October 12th. TheStreet raised shares of iStar Financial from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine lowered shares of iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.00.

A number of institutional investors have recently added to or reduced their stakes in STAR. SG Americas Securities LLC purchased a new stake in iStar Financial in the 1st quarter worth approximately $111,000. Principal Financial Group Inc. increased its holdings in iStar Financial by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 13,449 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 373 shares in the last quarter. Teachers Advisors LLC increased its holdings in iStar Financial by 10.9% in the 1st quarter. Teachers Advisors LLC now owns 137,632 shares of the real estate investment trust’s stock worth $1,624,000 after acquiring an additional 13,520 shares in the last quarter. California Public Employees Retirement System increased its holdings in iStar Financial by 2.1% in the 1st quarter. California Public Employees Retirement System now owns 317,484 shares of the real estate investment trust’s stock worth $3,746,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in iStar Financial by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 11,136,556 shares of the real estate investment trust’s stock worth $131,411,000 after acquiring an additional 243,084 shares in the last quarter. 88.93% of the stock is owned by institutional investors.

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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