istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 22,436 shares of istar stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $17.83 per share, for a total transaction of $400,033.88. Following the transaction, the insider now owns 6,596,090 shares of the company’s stock, valued at $117,608,284.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Friday, December 15th, Istar Inc. acquired 17,749 shares of istar stock. The shares were bought at an average price of $18.01 per share, for a total transaction of $319,659.49.
  • On Wednesday, December 13th, Istar Inc. acquired 12,800 shares of istar stock. The shares were bought at an average price of $18.15 per share, for a total transaction of $232,320.00.
  • On Friday, December 8th, Istar Inc. acquired 19,962 shares of istar stock. The shares were bought at an average price of $17.90 per share, for a total transaction of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. acquired 21,900 shares of istar stock. The shares were bought at an average price of $17.86 per share, for a total transaction of $391,134.00.
  • On Monday, December 4th, Istar Inc. acquired 21,075 shares of istar stock. The shares were bought at an average price of $18.02 per share, for a total transaction of $379,771.50.
  • On Friday, December 1st, Istar Inc. acquired 9,785 shares of istar stock. The shares were bought at an average price of $18.13 per share, for a total transaction of $177,402.05.
  • On Wednesday, November 29th, Istar Inc. acquired 6,773 shares of istar stock. The shares were bought at an average price of $18.52 per share, for a total transaction of $125,435.96.
  • On Monday, November 27th, Istar Inc. acquired 5,100 shares of istar stock. The shares were bought at an average price of $18.62 per share, for a total transaction of $94,962.00.
  • On Friday, November 24th, Istar Inc. acquired 4,549 shares of istar stock. The shares were bought at an average price of $18.62 per share, for a total transaction of $84,702.38.
  • On Wednesday, November 22nd, Istar Inc. acquired 9,854 shares of istar stock. The shares were bought at an average price of $18.57 per share, for a total transaction of $182,988.78.

Shares of istar Inc (NYSE STAR) traded up $0.28 on Friday, reaching $11.51. 1,482,100 shares of the company traded hands, compared to its average volume of 481,718. istar Inc has a 12 month low of $10.95 and a 12 month high of $12.74. The company has a market capitalization of $772.71, a PE ratio of 6.03 and a beta of 1.26. The company has a debt-to-equity ratio of 4.76, a current ratio of 6.50 and a quick ratio of 6.50.

istar announced that its Board of Directors has authorized a stock repurchase program on Thursday, December 14th that allows the company to repurchase 50,000,000 outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Several equities research analysts have recently issued reports on STAR shares. BidaskClub cut shares of istar from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of istar in a research report on Thursday, October 12th. TheStreet cut shares of istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. Finally, ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.00.

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

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istar 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 (NYSE:STAR)

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