iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. acquired 39,886 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $18.93 per share, for a total transaction of $755,041.98. Following the purchase, the insider now directly owns 5,452,185 shares in the company, valued at $103,209,862.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Istar Inc. also recently made the following trade(s):
- On Tuesday, August 8th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $19.00 per share, for a total transaction of $757,834.00.
- On Monday, August 7th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $18.94 per share, for a total transaction of $755,440.84.
- On Friday, August 4th, Istar Inc. acquired 39,200 shares of iStar Financial stock. The shares were purchased at an average cost of $18.76 per share, for a total transaction of $735,392.00.
- On Thursday, August 3rd, Istar Inc. acquired 36,936 shares of iStar Financial stock. The shares were purchased at an average cost of $18.95 per share, for a total transaction of $699,937.20.
- On Wednesday, August 2nd, Istar Inc. acquired 35,892 shares of iStar Financial stock. The shares were purchased at an average cost of $18.55 per share, for a total transaction of $665,796.60.
- On Tuesday, August 1st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The shares were purchased at an average cost of $18.48 per share, for a total transaction of $724,416.00.
- On Monday, July 31st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The shares were purchased at an average cost of $18.44 per share, for a total transaction of $722,848.00.
- On Friday, July 28th, Istar Inc. acquired 49,809 shares of iStar Financial stock. The shares were purchased at an average cost of $18.36 per share, for a total transaction of $914,493.24.
- On Thursday, July 27th, Istar Inc. acquired 23,912 shares of iStar Financial stock. The shares were purchased at an average cost of $18.53 per share, for a total transaction of $443,089.36.
- On Wednesday, July 26th, Istar Inc. acquired 23,778 shares of iStar Financial stock. The shares were purchased at an average cost of $18.95 per share, for a total transaction of $450,593.10.
Shares of iStar Financial Inc. (STAR) opened at 11.88 on Friday. iStar Financial Inc. has a 52 week low of $10.19 and a 52 week high of $12.83. The firm has a market cap of $857.62 million, a PE ratio of 6.47 and a beta of 1.29. The stock’s 50 day moving average is $11.99 and its 200-day moving average is $11.96.
iStar Financial (NYSE:STAR) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.87 by $0.63. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. The company had revenue of $347.87 million for the quarter. On average, equities analysts predict that iStar Financial Inc. will post $3.14 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of iStar Financial by 2.9% in the first quarter. Principal Financial Group Inc. now owns 13,449 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 373 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of iStar Financial by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 21,334 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 492 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of iStar Financial by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 49,918 shares of the real estate investment trust’s stock worth $589,000 after buying an additional 1,687 shares in the last quarter. Affinity Investment Advisors LLC raised its position in shares of iStar Financial by 14.2% in the second quarter. Affinity Investment Advisors LLC now owns 20,583 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 2,564 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of iStar Financial by 43.9% in the first quarter. Sei Investments Co. now owns 9,017 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,749 shares in the last quarter. 82.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of iStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of iStar Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st.
iStar Financial Company Profile
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.
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