Insider Buying: istar Inc (STAR) Major Shareholder Purchases 2,800 Shares of Stock

istar Inc (NYSE:STAR) major shareholder Istar Inc. purchased 2,800 shares of the stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $21.84 per share, for a total transaction of $61,152.00. Following the completion of the acquisition, the insider now directly owns 7,770,252 shares in the company, valued at approximately $169,702,303.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, April 22nd, Istar Inc. bought 2,614 shares of istar stock. The stock was bought at an average price of $23.07 per share, with a total value of $60,304.98.
  • On Wednesday, April 17th, Istar Inc. bought 2,700 shares of istar stock. The stock was bought at an average price of $22.69 per share, with a total value of $61,263.00.
  • On Monday, April 15th, Istar Inc. bought 2,800 shares of istar stock. The stock was bought at an average price of $23.14 per share, with a total value of $64,792.00.
  • On Friday, April 12th, Istar Inc. bought 2,522 shares of istar stock. The stock was bought at an average price of $22.92 per share, with a total value of $57,804.24.
  • On Wednesday, April 10th, Istar Inc. purchased 1,985 shares of istar stock. The shares were acquired at an average cost of $22.44 per share, with a total value of $44,543.40.
  • On Monday, April 8th, Istar Inc. purchased 2,800 shares of istar stock. The shares were acquired at an average cost of $22.56 per share, with a total value of $63,168.00.
  • On Friday, April 5th, Istar Inc. bought 2,800 shares of istar stock. The shares were purchased at an average cost of $22.29 per share, with a total value of $62,412.00.
  • On Wednesday, April 3rd, Istar Inc. bought 2,800 shares of istar stock. The shares were purchased at an average cost of $22.39 per share, with a total value of $62,692.00.
  • On Friday, March 29th, Istar Inc. bought 2,800 shares of istar stock. The shares were purchased at an average cost of $21.55 per share, with a total value of $60,340.00.
  • On Wednesday, March 27th, Istar Inc. purchased 1,604 shares of istar stock. The stock was bought at an average cost of $20.91 per share, with a total value of $33,539.64.

Shares of STAR stock traded up $0.08 during trading hours on Wednesday, reaching $8.68. 333,112 shares of the stock were exchanged, compared to its average volume of 579,544. The company has a debt-to-equity ratio of 3.41, a quick ratio of 6.06 and a current ratio of 6.06. istar Inc has a 12-month low of $7.84 and a 12-month high of $11.44. The firm has a market capitalization of $564.89 million, a price-to-earnings ratio of -9.14 and a beta of 1.00.

istar (NYSE:STAR) last released its earnings results on Monday, February 25th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.22. istar had a negative net margin of 4.04% and a negative return on equity of 1.90%. During the same quarter last year, the business earned $0.40 EPS. Equities analysts forecast that istar Inc will post -0.7 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new position in istar in the first quarter valued at approximately $365,000. 6 Meridian acquired a new stake in shares of istar during the first quarter worth $428,000. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of istar during the first quarter worth $126,000. Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of istar by 21.6% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 576,485 shares of the real estate investment trust’s stock worth $4,854,000 after purchasing an additional 102,363 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of istar by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 706,431 shares of the real estate investment trust’s stock worth $6,477,000 after purchasing an additional 30,935 shares during the period. 92.34% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on STAR. JMP Securities cut shares of istar from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 28th. Zacks Investment Research raised shares of istar from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine raised shares of istar from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

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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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