iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. acquired 29,792 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $19.38 per share, for a total transaction of $577,368.96. Following the purchase, the insider now owns 5,805,264 shares of the company’s stock, valued at approximately $112,506,016.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, August 25th, Istar Inc. acquired 28,719 shares of iStar Financial stock. The stock was purchased at an average price of $19.48 per share, for a total transaction of $559,446.12.
  • On Wednesday, August 23rd, Istar Inc. acquired 29,865 shares of iStar Financial stock. The stock was purchased at an average price of $19.39 per share, for a total transaction of $579,082.35.
  • On Friday, August 18th, Istar Inc. acquired 19,600 shares of iStar Financial stock. The stock was purchased at an average price of $19.68 per share, for a total transaction of $385,728.00.
  • On Thursday, August 17th, Istar Inc. acquired 20,461 shares of iStar Financial stock. The stock was purchased at an average price of $19.65 per share, for a total transaction of $402,058.65.
  • On Friday, August 11th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The stock was purchased at an average price of $19.01 per share, for a total transaction of $758,232.86.
  • On Thursday, August 10th, Istar Inc. acquired 39,886 shares of iStar Financial stock. The stock was purchased at an average price of $18.98 per share, for a total transaction of $757,036.28.
  • On Wednesday, August 9th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $18.93 per share, for a total transaction of $755,041.98.
  • On Tuesday, August 8th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $19.00 per share, for a total transaction of $757,834.00.
  • On Monday, August 7th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were bought at an average price of $18.94 per share, for a total transaction of $755,440.84.
  • On Friday, August 4th, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were bought at an average price of $18.76 per share, for a total transaction of $735,392.00.

Shares of iStar Financial Inc. (NYSE STAR) opened at 11.80 on Friday. iStar Financial Inc. has a 12 month low of $10.19 and a 12 month high of $12.83. The stock has a market cap of $851.84 million, a P/E ratio of 6.43 and a beta of 1.29. The company has a 50 day moving average price of $11.96 and a 200-day moving average price of $11.99.

iStar Financial (NYSE:STAR) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) 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 company had revenue of $347.87 million during the quarter. On average, equities research analysts predict that iStar Financial Inc. will post $3.14 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Loomis Sayles & Co. L P bought a new stake in shares of iStar Financial during the first quarter valued at about $7,337,000. UBS Group AG raised its stake in shares of iStar Financial by 15.6% in the first quarter. UBS Group AG now owns 4,393,027 shares of the real estate investment trust’s stock valued at $51,838,000 after buying an additional 591,244 shares during the period. FMR LLC raised its stake in shares of iStar Financial by 13.1% in the first quarter. FMR LLC now owns 5,087,931 shares of the real estate investment trust’s stock valued at $60,038,000 after buying an additional 588,400 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of iStar Financial during the second quarter valued at about $4,648,000. Finally, Balyasny Asset Management LLC bought a new stake in shares of iStar Financial during the second quarter valued at about $4,188,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

Several equities research analysts have issued reports on STAR shares. BidaskClub downgraded iStar Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. ValuEngine downgraded iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, TheStreet upgraded iStar Financial from a “d+” rating to a “c” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. iStar Financial currently has a consensus rating of “Hold”.

About iStar Financial

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.

Insider Buying and Selling by Quarter for iStar Financial (NYSE:STAR)

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