Istar Inc. Purchases 24,332 Shares of iStar Financial Inc. (NYSE:STAR) Stock

iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. acquired 24,332 shares of iStar Financial stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $19.53 per share, with a total value of $475,203.96. Following the completion of the acquisition, the insider now directly owns 5,872,234 shares in the company, valued at approximately $114,684,730.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Friday, September 1st, Istar Inc. purchased 16,738 shares of iStar Financial stock. The shares were purchased at an average price of $19.74 per share, with a total value of $330,408.12.
  • On Thursday, August 31st, Istar Inc. purchased 19,600 shares of iStar Financial stock. The shares were purchased at an average price of $19.71 per share, with a total value of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. purchased 19,707 shares of iStar Financial stock. The shares were purchased at an average price of $19.66 per share, with a total value of $387,439.62.
  • On Monday, August 28th, Istar Inc. acquired 22,931 shares of iStar Financial stock. The shares were bought at an average cost of $19.54 per share, for a total transaction of $448,071.74.
  • On Friday, August 25th, Istar Inc. acquired 28,719 shares of iStar Financial stock. The shares were bought at an average cost of $19.48 per share, for a total transaction of $559,446.12.
  • On Thursday, August 24th, Istar Inc. acquired 29,792 shares of iStar Financial stock. The shares were bought at an average cost of $19.38 per share, for a total transaction of $577,368.96.
  • On Wednesday, August 23rd, Istar Inc. acquired 29,865 shares of iStar Financial stock. The shares were bought at an average cost of $19.39 per share, for a total transaction of $579,082.35.
  • On Friday, August 18th, Istar Inc. acquired 19,600 shares of iStar Financial stock. The shares were bought at an average cost of $19.68 per share, for a total transaction of $385,728.00.
  • On Thursday, August 17th, Istar Inc. purchased 20,461 shares of iStar Financial stock. The stock was acquired at an average cost of $19.65 per share, for a total transaction of $402,058.65.
  • On Friday, August 11th, Istar Inc. purchased 39,886 shares of iStar Financial stock. The stock was acquired at an average cost of $19.01 per share, for a total transaction of $758,232.86.

iStar Financial Inc. (NYSE:STAR) traded down 2.09% during mid-day trading on Friday, reaching $11.27. The company’s stock had a trading volume of 13,981,498 shares. The firm’s 50 day moving average is $11.69 and its 200-day moving average is $11.95. The company has a market cap of $813.58 million, a PE ratio of 6.14 and a beta of 1.29. iStar Financial Inc. has a 12-month low of $10.45 and a 12-month high of $12.83.

iStar Financial (NYSE:STAR) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.63). The firm had revenue of $347.87 million during the quarter. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. Equities analysts anticipate that iStar Financial Inc. will post $3.09 earnings per share for the current fiscal year.

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A number of research analysts recently commented on the company. BidaskClub cut iStar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. ValuEngine raised iStar Financial from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. TheStreet raised iStar Financial from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its holdings in shares of iStar Financial by 410.1% in the 2nd quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 6,874 shares during the period. Sei Investments Co. lifted its stake in iStar Financial by 43.9% in the 1st quarter. Sei Investments Co. now owns 9,017 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,749 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of iStar Financial during the 1st quarter worth $111,000. Tudor Investment Corp ET AL purchased a new position in shares of iStar Financial during the 1st quarter worth $124,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of iStar Financial by 160.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 7,356 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

About iStar Financial

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.

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

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