istar (STAR) Earning Somewhat Favorable Media Coverage, Study Shows

Press coverage about istar (NYSE:STAR) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. istar earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.6723618470707 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Several research firms have weighed in on STAR. BidaskClub downgraded istar from a “sell” rating to a “strong sell” rating in a research note on Monday, October 23rd. ValuEngine upgraded istar from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. TheStreet downgraded istar from a “c” rating to a “d” rating in a research report on Friday, November 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 target price on shares of istar in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.00.

istar (NYSE STAR) opened at $11.42 on Friday. istar has a 52-week low of $10.95 and a 52-week high of $12.68. The company has a market capitalization of $907.40, a P/E ratio of -21.55 and a beta of 1.26. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76.

istar announced that its board has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In other istar news, Director Dale Ann Reiss sold 17,595 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $11.70, for a total value of $205,861.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Istar Inc. purchased 14,948 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $17.81 per share, for a total transaction of $266,223.88. Following the purchase, the insider now owns 6,339,424 shares of the company’s stock, valued at approximately $112,905,141.44. The disclosure for this purchase can be found here. Insiders have purchased a total of 582,060 shares of company stock worth $7,964,875 in the last 90 days. 4.41% of the stock is currently owned by insiders.

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istar 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.

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

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