iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. acquired 28,719 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $19.48 per share, for a total transaction of $559,446.12. Following the acquisition, the insider now directly owns 5,805,264 shares in the company, valued at approximately $113,086,542.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 Thursday, August 24th, Istar Inc. acquired 29,792 shares of iStar Financial stock. The shares were purchased 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 purchased 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 purchased at an average cost of $19.68 per share, for a total transaction of $385,728.00.
- On Thursday, August 17th, Istar Inc. acquired 20,461 shares of iStar Financial stock. The shares were purchased at an average cost of $19.65 per share, for a total transaction of $402,058.65.
- On Friday, August 11th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $19.01 per share, for a total transaction of $758,232.86.
- On Thursday, August 10th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $18.98 per share, for a total transaction of $757,036.28.
- On Wednesday, August 9th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $18.93 per share, for a total transaction of $755,041.98.
- 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.
Shares of iStar Financial Inc. (NYSE:STAR) traded down 0.17% during mid-day trading on Friday, reaching $11.80. The company had a trading volume of 302,487 shares. The stock has a market capitalization of $851.84 million, a P/E ratio of 6.43 and a beta of 1.29. The firm’s 50 day moving average is $11.96 and its 200-day moving average is $11.99. iStar Financial Inc. has a 12-month low of $10.19 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 the consensus estimate 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%. On average, analysts expect that iStar Financial Inc. will post $3.14 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP raised its position in shares of iStar Financial by 410.1% in the second quarter. Quantbot Technologies LP now owns 8,550 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 6,874 shares during the period. 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 valued at $107,000 after buying an additional 2,749 shares during the period. SG Americas Securities LLC bought a new position in shares of iStar Financial during the first quarter valued at about $111,000. Tudor Investment Corp ET AL bought a new position in shares of iStar Financial during the first quarter valued at about $124,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of iStar Financial by 160.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,937 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 7,356 shares during the period. Institutional investors own 82.06% of the company’s stock.
Several analysts recently commented on the company. BidaskClub lowered iStar Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st. ValuEngine lowered iStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised iStar Financial from a “d+” rating to a “c” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold”.
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.
Receive News & Ratings for iStar Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iStar Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
