Legal & General Group Plc grew its stake in shares of istar Inc (NYSE:STAR) by 472.9% in the third quarter, Holdings Channel reports. The fund owned 163,626 shares of the real estate investment trust’s stock after buying an additional 135,066 shares during the quarter. Legal & General Group Plc’s holdings in istar were worth $1,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of STAR. Piedmont Investment Advisors Inc. increased its stake in shares of istar by 1,281.1% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 15,606 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 14,476 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of istar during the 3rd quarter valued at about $181,000. Mcclain Value Management LLC acquired a new position in shares of istar during the 3rd quarter valued at about $202,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of istar during the 3rd quarter valued at about $244,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of istar during the 3rd quarter valued at about $249,000. 91.39% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on STAR. Zacks Investment Research upgraded istar from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, October 11th. ValuEngine upgraded istar from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Finally, JMP Securities upgraded istar from a “market perform” rating to an “outperform” rating and set a $11.50 target price for the company in a report on Monday, December 31st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.75.

In other news, major shareholder Istar Inc. bought 4,076 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average price of $18.97 per share, for a total transaction of $77,321.72. Following the acquisition, the insider now owns 7,522,560 shares of the company’s stock, valued at $142,702,963.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 88,674 shares of company stock valued at $1,698,468 in the last quarter. Company insiders own 5.01% of the company’s stock.

Shares of NYSE:STAR opened at $9.70 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 7.34 and a quick ratio of 7.34. istar Inc has a 1 year low of $8.89 and a 1 year high of $11.44. The stock has a market cap of $656.57 million, a PE ratio of 4.20 and a beta of 1.03.

ILLEGAL ACTIVITY NOTICE: “istar Inc (STAR) Shares Bought by Legal & General Group Plc” was published by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2019/02/08/istar-inc-star-shares-bought-by-legal-general-group-plc.html.

istar Company Profile

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.

Recommended Story: How Investors Can Profit from Options Trading

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.