istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 24,497 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $436,781.51. Following the acquisition, the insider now owns 7,133,476 shares of the company’s stock, valued at approximately $127,189,877.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, January 16th, Istar Inc. bought 25,000 shares of istar stock. The shares were purchased at an average price of $17.87 per share, for a total transaction of $446,750.00.
  • On Friday, January 12th, Istar Inc. bought 25,000 shares of istar stock. The shares were purchased at an average price of $17.97 per share, for a total transaction of $449,250.00.
  • On Wednesday, January 10th, Istar Inc. bought 25,000 shares of istar stock. The shares were purchased at an average price of $17.91 per share, for a total transaction of $447,750.00.
  • On Monday, January 8th, Istar Inc. bought 24,254 shares of istar stock. The shares were purchased at an average price of $17.94 per share, for a total transaction of $435,116.76.
  • On Thursday, January 4th, Istar Inc. bought 10,166 shares of istar stock. The shares were purchased at an average price of $18.04 per share, for a total transaction of $183,394.64.
  • On Tuesday, January 2nd, Istar Inc. bought 25,000 shares of istar stock. The shares were purchased at an average price of $17.96 per share, for a total transaction of $449,000.00.
  • On Saturday, December 29th, Istar Inc. bought 24,441 shares of istar stock. The shares were purchased at an average price of $17.70 per share, for a total transaction of $432,605.70.
  • On Thursday, December 27th, Istar Inc. bought 24,646 shares of istar stock. The shares were purchased at an average price of $17.75 per share, for a total transaction of $437,466.50.
  • On Thursday, December 28th, Istar Inc. bought 25,000 shares of istar stock. The shares were purchased at an average price of $17.87 per share, for a total transaction of $446,750.00.
  • On Tuesday, December 26th, Istar Inc. bought 24,031 shares of istar stock. The shares were purchased at an average price of $17.73 per share, for a total transaction of $426,069.63.

Shares of istar Inc (STAR) opened at $11.19 on Friday. The stock has a market cap of $759.75, a P/E ratio of 12.30 and a beta of 1.26. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76. istar Inc has a 1 year low of $10.95 and a 1 year high of $12.68.

istar (NYSE:STAR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter. istar had a net margin of 24.13% and a return on equity of 19.57%.

istar announced that its board has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

STAR has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. TheStreet cut shares of istar from a “c” rating to a “d” rating in a research note on Friday, November 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.00 target price on shares of istar in a research note on Thursday, October 12th. Finally, BidaskClub upgraded shares of istar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. istar currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its position in shares of istar by 15.6% during the second quarter. TIAA CREF Investment Management LLC now owns 225,944 shares of the real estate investment trust’s stock valued at $2,720,000 after buying an additional 30,434 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of istar by 237.1% during the second quarter. Wells Fargo & Company MN now owns 435,379 shares of the real estate investment trust’s stock valued at $5,242,000 after buying an additional 306,243 shares during the last quarter. Private Management Group Inc. raised its position in shares of istar by 332.3% during the third quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock valued at $6,249,000 after buying an additional 407,069 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of istar during the third quarter valued at approximately $1,281,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of istar by 52.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 500,840 shares of the real estate investment trust’s stock valued at $6,031,000 after buying an additional 171,856 shares during the last quarter. Hedge funds and other 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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