istar Inc (NYSE:STAR) major shareholder Istar Inc. bought 5,000 shares of the stock in a transaction dated Monday, May 20th. The shares were bought at an average price of $28.26 per share, for a total transaction of $141,300.00. Following the completion of the acquisition, the insider now owns 7,864,067 shares in the company, valued at $222,238,533.42. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, May 16th, Istar Inc. bought 4,562 shares of istar stock. The shares were bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price of $26.53 per share, for a total transaction of $74,284.00.
  • On Friday, May 3rd, Istar Inc. bought 2,445 shares of istar stock. The shares were bought at an average price of $25.08 per share, for a total transaction of $61,320.60.
  • On Wednesday, May 1st, Istar Inc. bought 2,800 shares of istar stock. The shares were bought at an average price of $25.19 per share, for a total transaction of $70,532.00.
  • On Monday, April 29th, Istar Inc. bought 2,800 shares of istar stock. The shares were bought at an average price of $25.74 per share, for a total transaction of $72,072.00.
  • On Friday, April 26th, Istar Inc. bought 2,689 shares of istar stock. The shares were bought at an average price of $26.02 per share, for a total transaction of $69,967.78.
  • On Wednesday, April 24th, Istar Inc. bought 2,800 shares of istar stock. The shares were bought at an average price of $24.71 per share, for a total transaction of $69,188.00.

Shares of istar stock opened at $9.42 on Friday. The company has a market cap of $609.38 million, a PE ratio of -9.92 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 debt-to-equity ratio of 3.07, a quick ratio of 3.68 and a current ratio of 3.68.

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

The firm 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. The ex-dividend date of this dividend is Tuesday, May 14th. This is a boost from istar’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 4.25%. istar’s dividend payout ratio is currently -42.11%.

Several brokerages have recently weighed in on STAR. ValuEngine upgraded istar from a “sell” rating to a “hold” rating in a report on Monday, February 4th. JMP Securities cut istar from an “outperform” rating to a “market perform” rating in a report on Thursday, February 28th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STAR. Oregon Public Employees Retirement Fund acquired a new position in istar in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. raised its position in istar by 444.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,440 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,808 shares during the period. Quantamental Technologies LLC purchased a new stake in istar in the fourth quarter valued at approximately $61,000. MML Investors Services LLC purchased a new stake in istar in the fourth quarter valued at approximately $92,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in istar by 4,452.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,793 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 12,512 shares during the period. Hedge funds and other institutional investors own 90.73% 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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