Istar Inc. Buys 2,800 Shares of istar Inc (STAR) Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of $25.19 per share, for a total transaction of $70,532.00. Following the purchase, the insider now directly owns 7,830,766 shares in the company, valued at approximately $197,256,995.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Tuesday, May 28th, Istar Inc. bought 4,418 shares of istar stock. The shares were acquired at an average cost of $29.26 per share, for a total transaction of $129,270.68.
  • On Friday, May 24th, Istar Inc. bought 4,787 shares of istar stock. The shares were acquired at an average cost of $29.18 per share, for a total transaction of $139,684.66.
  • On Monday, May 20th, Istar Inc. bought 5,000 shares of istar stock. The shares were acquired at an average cost of $28.26 per share, for a total transaction of $141,300.00.
  • On Thursday, May 16th, Istar Inc. bought 4,562 shares of istar stock. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $127,736.00.
  • On Monday, May 13th, Istar Inc. bought 2,690 shares of istar stock. The shares were acquired at an average cost of $27.51 per share, for a total transaction of $74,001.90.
  • On Friday, May 10th, Istar Inc. bought 2,800 shares of istar stock. The shares were acquired at an average cost of $26.96 per share, for a total transaction of $75,488.00.
  • On Wednesday, May 8th, Istar Inc. bought 2,800 shares of istar stock. The shares were acquired at an average cost of $26.33 per share, for a total transaction of $73,724.00.
  • On Monday, May 6th, Istar Inc. bought 2,800 shares of istar stock. The shares were acquired at an average cost of $26.53 per share, for a total transaction of $74,284.00.
  • On Friday, May 3rd, Istar Inc. purchased 2,445 shares of istar stock. The shares were purchased at an average cost of $25.08 per share, for a total transaction of $61,320.60.
  • On Monday, April 29th, Istar Inc. purchased 2,800 shares of istar stock. The shares were purchased at an average cost of $25.74 per share, for a total transaction of $72,072.00.

STAR traded up $0.07 on Friday, hitting $11.01. The company had a trading volume of 1,812,857 shares, compared to its average volume of 636,598. The firm has a market cap of $707.71 million, a P/E ratio of -11.59 and a beta of 1.00. istar Inc has a 1 year low of $7.84 and a 1 year high of $11.44. The company has a current ratio of 3.68, a quick ratio of 3.68 and a debt-to-equity ratio of 3.07.

istar (NYSE:STAR) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.05). The company had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $125.90 million. istar had a negative net margin of 14.17% and a negative return on equity of 5.87%. The firm’s quarterly revenue was down 70.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Equities research analysts forecast that istar Inc will post -0.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.10 dividend. This is a positive change from istar’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, May 14th. istar’s payout ratio is -42.11%.

Several brokerages have recently weighed in on STAR. ValuEngine raised shares of istar from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James raised shares of istar from a “market perform” rating to an “outperform” rating in a research report on Tuesday. They noted that the move was a valuation call. Finally, JMP Securities cut shares of istar from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 28th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in istar during the fourth quarter worth about $7,982,000. Vanguard Group Inc increased its stake in istar by 6.4% during the third quarter. Vanguard Group Inc now owns 9,988,284 shares of the real estate investment trust’s stock worth $111,570,000 after purchasing an additional 603,017 shares during the period. Vanguard Group Inc. increased its stake in istar by 6.4% during the third quarter. Vanguard Group Inc. now owns 9,988,284 shares of the real estate investment trust’s stock worth $111,570,000 after purchasing an additional 603,017 shares during the period. Bank of New York Mellon Corp increased its stake in istar by 145.2% during the third quarter. Bank of New York Mellon Corp now owns 799,850 shares of the real estate investment trust’s stock worth $8,934,000 after purchasing an additional 473,697 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new stake in istar during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.

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About istar

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.

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

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