iStar Financial Inc. (NYSE:STAR) was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued on Wednesday.
Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of iStar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a report on Friday, July 21st. Finally, ValuEngine downgraded shares of iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. iStar Financial has a consensus rating of “Hold”.
iStar Financial (STAR) traded down 0.25% on Wednesday, hitting $11.79. 65,488 shares of the stock traded hands. iStar Financial has a 12-month low of $10.19 and a 12-month high of $12.83. The stock has a market cap of $851.12 million, a P/E ratio of 6.42 and a beta of 1.29. The stock has a 50-day moving average price of $11.96 and a 200 day moving average price of $11.98.
iStar Financial (NYSE:STAR) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by $0.63. The business had revenue of $347.87 million during the quarter. iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. On average, equities analysts expect that iStar Financial will post $3.14 EPS for the current fiscal year.
In other news, major shareholder Istar Inc. bought 19,600 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $19.68 per share, with a total value of $385,728.00. Following the transaction, the insider now owns 5,665,385 shares of the company’s stock, valued at approximately $111,494,776.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 547,018 shares of company stock valued at $10,305,277 in the last three months. Insiders own 4.41% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in STAR. KBC Group NV increased its stake in iStar Financial by 88.2% in the first quarter. KBC Group NV now owns 128,136 shares of the real estate investment trust’s stock worth $1,512,000 after buying an additional 60,043 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in iStar Financial by 5.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 141,555 shares of the real estate investment trust’s stock worth $1,670,000 after buying an additional 6,961 shares in the last quarter. Great Lakes Advisors LLC increased its stake in iStar Financial by 22.0% in the first quarter. Great Lakes Advisors LLC now owns 119,366 shares of the real estate investment trust’s stock worth $1,409,000 after buying an additional 21,490 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in iStar Financial by 2,567.1% in the first quarter. Virginia Retirement Systems ET AL now owns 274,707 shares of the real estate investment trust’s stock worth $3,242,000 after buying an additional 264,407 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in iStar Financial by 8.7% in the first quarter. Parametric Portfolio Associates LLC now owns 185,734 shares of the real estate investment trust’s stock worth $2,192,000 after buying an additional 14,857 shares in the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.
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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