istar (STAR) Earns Coverage Optimism Rating of 0.23
Press coverage about istar (NYSE:STAR) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. istar earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 44.8111573095629 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Kestrel Investment Management Corp Sells 16,200 Shares of istar Inc (STAR) (americanbankingnews.com)
- iStar Names Marcos Alvarado as Chief Investment Officer (finance.yahoo.com)
- iStar’s (STAR) CEO Jay Sugarman on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- istar Inc (STAR) Shares Bought by Private Management Group Inc. (americanbankingnews.com)
- istar (STAR) Posts Earnings Results, Beats Expectations By $0.10 EPS (americanbankingnews.com)
istar (NYSE:STAR) opened at $10.04 on Friday. istar has a fifty-two week low of $9.75 and a fifty-two week high of $12.68. The company has a debt-to-equity ratio of 3.91, a current ratio of 8.28 and a quick ratio of 6.50. The stock has a market capitalization of $676.07, a PE ratio of 4.53 and a beta of 1.01.
istar declared that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several brokerages recently weighed in on STAR. TheStreet downgraded istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. ValuEngine raised istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.
In other news, major shareholder Istar Inc. bought 10,340 shares of the stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $17.74 per share, with a total value of $183,431.60. Following the acquisition, the insider now directly owns 7,257,810 shares in the company, valued at $128,753,549.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dale Ann Reiss sold 17,595 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.70, for a total value of $205,861.50. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 492,275 shares of company stock valued at $8,800,998. Insiders own 4.41% of the company’s stock.
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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.
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