Laurion Capital Management LP bought a new position in shares of istar Inc (NYSE:STAR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 106,772 shares of the real estate investment trust’s stock, valued at approximately $1,152,000. Laurion Capital Management LP owned 0.16% of istar as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in istar during the second quarter worth $147,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of istar during the 1st quarter valued at $147,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of istar during the 1st quarter valued at $238,000. Stevens Capital Management LP lifted its holdings in shares of istar by 114.6% during the 2nd quarter. Stevens Capital Management LP now owns 25,345 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 13,533 shares during the last quarter. Finally, Affinity Investment Advisors LLC lifted its holdings in shares of istar by 43.8% during the 1st quarter. Affinity Investment Advisors LLC now owns 29,965 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 9,122 shares during the last quarter. Institutional investors own 82.75% of the company’s stock.

Shares of STAR opened at $11.15 on Friday. The company has a quick ratio of 8.43, a current ratio of 8.43 and a debt-to-equity ratio of 3.20. istar Inc has a 12 month low of $9.75 and a 12 month high of $12.22. The firm has a market cap of $751.73 million, a PE ratio of 3.92 and a beta of 0.97.

istar (NYSE:STAR) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.18. istar had a return on equity of 9.50% and a net margin of 11.28%. The firm had revenue of $171.57 million for the quarter, compared to the consensus estimate of $119.30 million. During the same period in the prior year, the firm earned $2.28 EPS. The firm’s revenue was down 50.7% on a year-over-year basis. analysts forecast that istar Inc will post 2.74 earnings per share for the current year.

The company also recently announced an annual dividend, which was paid on Friday, August 31st. Investors of record on Wednesday, August 15th were given a $0.09 dividend. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, August 14th. istar’s payout ratio is 15.58%.

In other news, major shareholder Istar Inc. bought 129,600 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average cost of $16.35 per share, with a total value of $2,118,960.00. Following the transaction, the insider now directly owns 7,387,410 shares in the company, valued at $120,784,153.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.01% of the stock is owned by corporate insiders.

Separately, ValuEngine lowered istar from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Two equities research analysts have 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 an average price target of $14.00.

About istar

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.

Further Reading: Marijuana Stocks Future Looks Bright

Want to see what other hedge funds are holding STAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for istar Inc (NYSE:STAR).

Institutional Ownership by Quarter for istar (NYSE:STAR)

Receive News & Ratings for istar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for istar and related companies with MarketBeat.com's FREE daily email newsletter.