iStar Financial Inc. (NYSE:STAR) Director Robin Josephs sold 12,100 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $12.45, for a total transaction of $150,645.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

iStar Financial Inc. (NYSE:STAR) traded up 1.37% during trading on Tuesday, reaching $12.54. 29,285 shares of the company’s stock traded hands. The company has a 50-day moving average of $11.17 and a 200 day moving average of $10.47. The stock has a market capitalization of $892.55 million, a P/E ratio of 16.02 and a beta of 1.66. iStar Financial Inc. has a 12 month low of $7.59 and a 12 month high of $13.34.

iStar Financial (NYSE:STAR) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. iStar Financial had a net margin of 22.55% and a return on equity of 17.13%. On average, equities research analysts expect that iStar Financial Inc. will post $0.84 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its position in shares of iStar Financial by 15.3% in the second quarter. Parametric Portfolio Associates LLC now owns 113,653 shares of the company’s stock valued at $1,090,000 after buying an additional 15,124 shares during the period. Van ECK Associates Corp increased its position in shares of iStar Financial by 7.8% in the second quarter. Van ECK Associates Corp now owns 176,438 shares of the company’s stock valued at $1,692,000 after buying an additional 12,728 shares during the period. Alliancebernstein L.P. increased its position in shares of iStar Financial by 4.6% in the second quarter. Alliancebernstein L.P. now owns 122,180 shares of the company’s stock valued at $1,172,000 after buying an additional 5,400 shares during the period. BlackRock Fund Advisors increased its position in shares of iStar Financial by 20.2% in the second quarter. BlackRock Fund Advisors now owns 3,509,202 shares of the company’s stock valued at $33,653,000 after buying an additional 589,765 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of iStar Financial by 1.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 33,058 shares of the company’s stock valued at $317,000 after buying an additional 460 shares during the period. 87.89% of the stock is owned by institutional investors.

Separately, Keefe, Bruyette & Woods increased their price target on shares of iStar Financial from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 5th.

iStar Financial Company Profile

iStar Inc, formerly iStar Financial Inc, finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s business segments include 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.

5 Day Chart for NYSE:STAR

Receive News & Stock Ratings for iStar Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iStar Financial Inc. and related stocks with our FREE daily email newsletter.