Parametric Portfolio Associates LLC grew its position in iStar Financial Inc. (NYSE:STAR) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,980 shares of the real estate investment trust’s stock after buying an additional 13,246 shares during the period. Parametric Portfolio Associates LLC owned 0.28% of iStar Financial worth $2,396,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STAR. Vanguard Group Inc. raised its position in shares of iStar Financial by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 11,136,556 shares of the real estate investment trust’s stock valued at $131,411,000 after purchasing an additional 243,084 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of iStar Financial by 237.1% in the 2nd quarter. Wells Fargo & Company MN now owns 435,379 shares of the real estate investment trust’s stock valued at $5,242,000 after purchasing an additional 306,243 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of iStar Financial by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 437,418 shares of the real estate investment trust’s stock valued at $5,267,000 after purchasing an additional 38,450 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of iStar Financial by 22.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 145,834 shares of the real estate investment trust’s stock valued at $1,756,000 after purchasing an additional 26,468 shares during the last quarter. Finally, Private Management Group Inc. raised its position in shares of iStar Financial by 405.5% in the 2nd quarter. Private Management Group Inc. now owns 122,487 shares of the real estate investment trust’s stock valued at $1,475,000 after purchasing an additional 98,257 shares during the last quarter. Institutional investors and hedge funds own 83.06% of the company’s stock.

iStar Financial Inc. (NYSE:STAR) opened at $11.21 on Tuesday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 6.50 and a current ratio of 6.50. The firm has a market cap of $763.84, a P/E ratio of 5.96 and a beta of 1.30. iStar Financial Inc. has a 1-year low of $10.66 and a 1-year high of $12.83.

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. ValuEngine lowered shares of iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, TheStreet raised shares of 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 company’s stock. iStar Financial has a consensus rating of “Hold” and an average price target of $14.00.

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In other news, major shareholder Istar Inc. bought 16,738 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was purchased at an average cost of $19.74 per share, with a total value of $330,408.12. Following the acquisition, the insider now directly owns 5,908,572 shares in the company, valued at $116,635,211.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 431,805 shares of company stock valued at $8,348,825. Insiders own 4.41% of the company’s stock.

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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Institutional Ownership by Quarter for iStar Financial (NYSE:STAR)

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