iStar Financial Inc. (STAR) Set to Announce Quarterly Earnings on Thursday
iStar Financial Inc. (NYSE:STAR) is scheduled to be announcing its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
iStar Financial (NYSE:STAR) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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, analysts expect iStar Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
iStar Financial Inc. (NYSE:STAR) opened at 11.69 on Tuesday. iStar Financial Inc. has a 1-year low of $10.55 and a 1-year high of $12.83. The firm’s 50-day moving average price is $11.81 and its 200 day moving average price is $11.99. The stock has a market cap of $843.90 million, a PE ratio of 6.37 and a beta of 1.25.
In other iStar Financial news, major shareholder Istar Inc. purchased 36,936 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $18.95 per share, with a total value of $699,937.20. Following the completion of the transaction, the insider now directly owns 5,332,527 shares in the company, valued at approximately $101,051,386.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 623,605 shares of company stock worth $11,963,226. 4.41% of the stock is currently owned by insiders.
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A number of equities research analysts have recently commented on STAR shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. BidaskClub lowered iStar Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. ValuEngine lowered iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised iStar Financial from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. iStar Financial currently has an average rating of “Hold” and an average price target of $14.00.
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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