Oregon Public Employees Retirement Fund acquired a new position in istar Inc (NYSE:STAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,856 shares of the real estate investment trust’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently bought and sold shares of STAR. Quantamental Technologies LLC acquired a new position in istar in the fourth quarter valued at approximately $61,000. Crossmark Global Holdings Inc. acquired a new position in istar in the fourth quarter valued at approximately $151,000. Piedmont Investment Advisors Inc. lifted its holdings in istar by 1,281.1% in the third 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 istar in the third quarter valued at approximately $181,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in istar in the third quarter valued at approximately $244,000. Institutional investors own 91.17% of the company’s stock.

STAR has been the topic of a number of recent analyst reports. JMP Securities upgraded istar from a “market perform” rating to an “outperform” rating and set a $11.50 price objective on the stock in a report on Monday, December 31st. ValuEngine upgraded istar from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Finally, Zacks Investment Research upgraded istar from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Five equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $11.75.

Shares of NYSE STAR opened at $8.17 on Friday. The company has a market capitalization of $556.85 million, a price-to-earnings ratio of -8.60 and a beta of 1.00. The company has a debt-to-equity ratio of 3.41, a quick ratio of 6.06 and a current ratio of 6.06. istar Inc has a 52-week low of $8.13 and a 52-week high of $11.44.

istar (NYSE:STAR) last announced its earnings results on Monday, February 25th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.22. istar had a negative return on equity of 1.90% and a negative net margin of 4.04%. During the same period last year, the business earned $0.40 EPS. Analysts predict that istar Inc will post -0.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Friday, March 1st. istar’s payout ratio is -37.89%.

In other news, major shareholder Istar Inc. bought 5,700 shares of the business’s stock in a transaction on Monday, December 17th. The shares were bought at an average price of $19.16 per share, with a total value of $109,212.00. Following the completion of the transaction, the insider now directly owns 7,594,383 shares in the company, valued at $145,508,378.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders acquired 83,486 shares of company stock worth $1,607,809. 5.01% of the stock is owned by corporate insiders.

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istar 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.

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Institutional Ownership by Quarter for istar (NYSE:STAR)

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