istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 10,166 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was bought at an average cost of $18.04 per share, with a total value of $183,394.64. Following the completion of the purchase, the insider now directly owns 6,937,810 shares in the company, valued at $125,158,092.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Monday, January 8th, Istar Inc. bought 24,254 shares of istar stock. The stock was bought at an average cost of $17.94 per share, with a total value of $435,116.76.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The stock was bought at an average cost of $17.96 per share, with a total value of $449,000.00.
  • On Saturday, December 29th, Istar Inc. bought 24,441 shares of istar stock. The stock was bought at an average cost of $17.70 per share, with a total value of $432,605.70.
  • On Thursday, December 27th, Istar Inc. bought 24,646 shares of istar stock. The stock was bought at an average cost of $17.75 per share, with a total value of $437,466.50.
  • On Thursday, December 28th, Istar Inc. bought 25,000 shares of istar stock. The stock was bought at an average cost of $17.87 per share, with a total value of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. bought 24,031 shares of istar stock. The stock was bought at an average cost of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. bought 24,047 shares of istar stock. The stock was bought at an average cost of $17.75 per share, with a total value of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. bought 10,937 shares of istar stock. The stock was bought at an average cost of $18.08 per share, with a total value of $197,740.96.
  • On Monday, December 18th, Istar Inc. bought 10,000 shares of istar stock. The stock was bought at an average cost of $18.17 per share, with a total value of $181,700.00.
  • On Friday, December 15th, Istar Inc. bought 17,749 shares of istar stock. The stock was bought at an average cost of $18.01 per share, with a total value of $319,659.49.

Shares of istar Inc (STAR) opened at $11.17 on Wednesday. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76. The stock has a market capitalization of $887.47, a PE ratio of -21.08 and a beta of 1.26. istar Inc has a 52-week low of $10.95 and a 52-week high of $12.68.

istar announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of istar in a research note on Thursday, October 12th. BidaskClub downgraded istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. TheStreet downgraded istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. Finally, ValuEngine raised istar from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. istar currently has an average rating of “Hold” and an average price target of $14.00.

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP increased its position in shares of istar by 410.1% during the 2nd quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 6,874 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of istar during the 3rd quarter worth about $108,000. BNP Paribas Arbitrage SA increased its position in shares of istar by 160.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 7,356 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of istar during the 2nd quarter worth about $147,000. Finally, Magnetar Financial LLC acquired a new stake in shares of istar during the 3rd quarter worth about $154,000. 87.49% of the stock is owned by hedge funds and other institutional investors.

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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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