istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 19,962 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $17.90 per share, for a total transaction of $357,319.80. Following the purchase, the insider now directly owns 6,561,300 shares of the company’s stock, valued at $117,447,270. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Wednesday, December 6th, Istar Inc. bought 21,900 shares of istar stock. The shares were acquired at an average price of $17.86 per share, with a total value of $391,134.00.
  • On Monday, December 4th, Istar Inc. bought 21,075 shares of istar stock. The shares were acquired at an average price of $18.02 per share, with a total value of $379,771.50.
  • On Friday, December 1st, Istar Inc. bought 9,785 shares of istar stock. The shares were acquired at an average price of $18.13 per share, with a total value of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. bought 6,773 shares of istar stock. The shares were acquired at an average price of $18.52 per share, with a total value of $125,435.96.
  • On Monday, November 27th, Istar Inc. bought 5,100 shares of istar stock. The shares were acquired at an average price of $18.62 per share, with a total value of $94,962.00.
  • On Friday, November 24th, Istar Inc. bought 4,549 shares of istar stock. The shares were acquired at an average price of $18.62 per share, with a total value of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. bought 9,854 shares of istar stock. The shares were acquired at an average price of $18.57 per share, with a total value of $182,988.78.
  • On Monday, November 20th, Istar Inc. bought 10,000 shares of istar stock. The shares were acquired at an average price of $18.31 per share, with a total value of $183,100.00.
  • On Friday, November 17th, Istar Inc. bought 9,160 shares of istar stock. The shares were acquired at an average price of $18.22 per share, with a total value of $166,895.20.
  • On Wednesday, November 15th, Istar Inc. bought 15,700 shares of istar stock. The shares were acquired at an average price of $17.92 per share, with a total value of $281,344.00.

istar Inc (NYSE STAR) opened at $11.32 on Monday. The firm has a market capitalization of $772.02, a P/E ratio of 6.02 and a beta of 1.26. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. istar Inc has a 1-year low of $10.95 and a 1-year high of $12.75.

STAR has been the subject of several research analyst reports. TheStreet upgraded istar from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 price target on shares of istar in a report on Thursday, August 31st. Finally, BidaskClub upgraded istar from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC grew its holdings in istar by 4.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 13,703 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 620 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of istar by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,243 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 926 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of istar by 2.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 144,505 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 2,950 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of istar by 10.6% in the 2nd quarter. Voya Investment Management LLC now owns 34,648 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 3,315 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of istar by 57.4% in the 2nd quarter. Sei Investments Co. now owns 14,196 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 5,179 shares during the last quarter. Institutional investors and hedge funds own 87.49% of the company’s stock.

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About istar

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 (NYSE:STAR)

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