iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 29,865 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $19.39 per share, with a total value of $579,082.35. Following the completion of the transaction, the insider now owns 5,805,264 shares of the company’s stock, valued at approximately $112,564,068.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, August 25th, Istar Inc. purchased 28,719 shares of iStar Financial stock. The shares were purchased at an average cost of $19.48 per share, with a total value of $559,446.12.
  • On Thursday, August 24th, Istar Inc. purchased 29,792 shares of iStar Financial stock. The shares were purchased at an average cost of $19.38 per share, with a total value of $577,368.96.
  • On Friday, August 18th, Istar Inc. purchased 19,600 shares of iStar Financial stock. The shares were purchased at an average cost of $19.68 per share, with a total value of $385,728.00.
  • On Thursday, August 17th, Istar Inc. purchased 20,461 shares of iStar Financial stock. The shares were purchased at an average cost of $19.65 per share, with a total value of $402,058.65.
  • On Friday, August 11th, Istar Inc. purchased 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $19.01 per share, with a total value of $758,232.86.
  • On Thursday, August 10th, Istar Inc. purchased 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $18.98 per share, with a total value of $757,036.28.
  • On Wednesday, August 9th, Istar Inc. purchased 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $18.93 per share, with a total value of $755,041.98.
  • On Tuesday, August 8th, Istar Inc. purchased 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $19.00 per share, with a total value of $757,834.00.
  • On Monday, August 7th, Istar Inc. purchased 39,886 shares of iStar Financial stock. The shares were purchased at an average cost of $18.94 per share, with a total value of $755,440.84.
  • On Friday, August 4th, Istar Inc. purchased 39,200 shares of iStar Financial stock. The shares were purchased at an average cost of $18.76 per share, with a total value of $735,392.00.

iStar Financial Inc. (STAR) opened at 11.80 on Monday. The stock’s 50 day moving average is $11.96 and its 200 day moving average is $11.99. The firm has a market cap of $851.84 million, a P/E ratio of 6.43 and a beta of 1.29. iStar Financial Inc. has a 12-month low of $10.19 and a 12-month high of $12.83.

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 for the quarter, missing analysts’ consensus estimates of $2.87 by $0.63. iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. The business had revenue of $347.87 million for the quarter. On average, equities research analysts expect that iStar Financial Inc. will post $3.18 EPS for the current year.

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Large investors have recently modified their holdings of the stock. Quantbot Technologies LP raised its stake 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 worth $102,000 after buying an additional 6,874 shares during the period. Sei Investments Co. raised its stake 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 during the period. SG Americas Securities LLC acquired a new stake in shares of iStar Financial during the first quarter worth $111,000. Tudor Investment Corp ET AL acquired a new stake in shares of iStar Financial during the first quarter worth $124,000. Finally, BNP Paribas Arbitrage SA raised its stake 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 worth $144,000 after buying an additional 7,356 shares during the period. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Several research firms have commented on STAR. BidaskClub lowered shares of iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. ValuEngine raised shares of iStar Financial from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. TheStreet raised shares of iStar Financial from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Hold”.

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.

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

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