istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 5,000 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were bought at an average cost of $33.21 per share, with a total value of $166,050.00. Following the purchase, the insider now directly owns 20,650,054 shares in the company, valued at $685,788,293.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, July 17th, Istar Inc. bought 5,000 shares of istar stock. The shares were bought at an average cost of $31.77 per share, with a total value of $158,850.00.
  • On Monday, July 15th, Istar Inc. bought 5,000 shares of istar stock. The shares were bought at an average cost of $32.41 per share, with a total value of $162,050.00.
  • On Friday, July 12th, Istar Inc. bought 5,000 shares of istar stock. The shares were bought at an average cost of $32.56 per share, with a total value of $162,800.00.
  • On Wednesday, July 10th, Istar Inc. bought 5,000 shares of istar stock. The shares were bought at an average cost of $32.73 per share, with a total value of $163,650.00.
  • On Monday, July 8th, Istar Inc. bought 5,000 shares of istar stock. The shares were bought at an average cost of $31.53 per share, with a total value of $157,650.00.
  • On Friday, July 5th, Istar Inc. bought 5,000 shares of istar stock. The shares were bought at an average cost of $31.08 per share, with a total value of $155,400.00.
  • On Wednesday, July 3rd, Istar Inc. acquired 5,000 shares of istar stock. The stock was acquired at an average cost of $30.95 per share, with a total value of $154,750.00.
  • On Monday, July 1st, Istar Inc. acquired 5,000 shares of istar stock. The stock was acquired at an average cost of $30.11 per share, with a total value of $150,550.00.
  • On Friday, June 28th, Istar Inc. acquired 5,000 shares of istar stock. The stock was acquired at an average cost of $29.67 per share, with a total value of $148,350.00.
  • On Wednesday, June 26th, Istar Inc. acquired 5,000 shares of istar stock. The stock was acquired at an average cost of $28.20 per share, with a total value of $141,000.00.

Shares of STAR stock traded down $0.01 on Friday, hitting $12.68. The company’s stock had a trading volume of 599,512 shares, compared to its average volume of 696,851. The company has a debt-to-equity ratio of 3.07, a current ratio of 3.68 and a quick ratio of 3.68. istar Inc has a fifty-two week low of $7.84 and a fifty-two week high of $12.93. The firm’s fifty day moving average price is $12.12. The firm has a market cap of $817.04 million, a PE ratio of -13.35 and a beta of 0.70.

istar (NYSE:STAR) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.05). istar had a negative net margin of 14.17% and a negative return on equity of 5.87%. The business had revenue of $106.80 million during the quarter, compared to analyst estimates of $125.90 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 70.7% on a year-over-year basis. As a group, equities analysts predict that istar Inc will post -0.93 EPS for the current fiscal year.

Several equities research analysts recently issued reports on STAR shares. Raymond James reaffirmed a “buy” rating on shares of Tamarack-Valley-Energy in a research note on Tuesday, May 28th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday.

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in istar by 444.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,440 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,808 shares during the last quarter. California Public Employees Retirement System lifted its position in istar by 2.2% during the 4th quarter. California Public Employees Retirement System now owns 296,016 shares of the real estate investment trust’s stock worth $2,714,000 after acquiring an additional 6,438 shares during the last quarter. Texas Permanent School Fund lifted its position in istar by 48.5% during the 4th quarter. Texas Permanent School Fund now owns 44,491 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 14,525 shares during the last quarter. Hsbc Holdings PLC lifted its position in istar by 825.0% during the 4th quarter. Hsbc Holdings PLC now owns 112,989 shares of the real estate investment trust’s stock worth $1,036,000 after acquiring an additional 100,774 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in istar by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock worth $6,477,000 after acquiring an additional 30,935 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

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.

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Insider Buying and Selling by Quarter for istar (NYSE:STAR)

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