iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 19,600 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was purchased at an average price of $19.71 per share, for a total transaction of $386,316.00. Following the purchase, the insider now directly owns 5,908,572 shares in the company, valued at approximately $116,457,954.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, September 1st, Istar Inc. bought 16,738 shares of iStar Financial stock. The stock was purchased at an average price of $19.74 per share, for a total transaction of $330,408.12.
  • On Wednesday, August 30th, Istar Inc. acquired 19,707 shares of iStar Financial stock. The shares were bought at an average price of $19.66 per share, for a total transaction of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. acquired 24,332 shares of iStar Financial stock. The shares were bought at an average price of $19.53 per share, for a total transaction of $475,203.96.
  • On Monday, August 28th, Istar Inc. acquired 22,931 shares of iStar Financial stock. The shares were bought at an average price of $19.54 per share, for a total transaction of $448,071.74.
  • On Friday, August 25th, Istar Inc. acquired 28,719 shares of iStar Financial stock. The shares were bought at an average price of $19.48 per share, for a total transaction of $559,446.12.
  • On Thursday, August 24th, Istar Inc. acquired 29,792 shares of iStar Financial stock. The shares were bought at an average price of $19.38 per share, for a total transaction of $577,368.96.
  • On Wednesday, August 23rd, Istar Inc. acquired 29,865 shares of iStar Financial stock. The shares were bought 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 shares were bought 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 shares were bought 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 shares were bought at an average price of $19.01 per share, for a total transaction of $758,232.86.

Shares of iStar Financial Inc. (STAR) opened at 11.70 on Monday. The company has a market cap of $844.62 million, a PE ratio of 6.37 and a beta of 1.29. iStar Financial Inc. has a 1-year low of $10.19 and a 1-year high of $12.83. The company has a 50-day moving average price of $11.90 and a 200-day moving average price of $11.99.

iStar Financial (NYSE:STAR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.87 by $0.63. The business had revenue of $347.87 million for the quarter. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. Equities research analysts expect that iStar Financial Inc. will post $3.09 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on STAR shares. ValuEngine upgraded iStar Financial from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. BidaskClub cut iStar Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st. Finally, TheStreet upgraded iStar Financial from a “d+” rating to a “c” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $14.00.

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of iStar Financial by 2.9% in the first quarter. Principal Financial Group Inc. now owns 13,449 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 373 shares during the period. Neuberger Berman Group LLC raised its stake in shares of iStar Financial by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 21,334 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 492 shares during the period. ETRADE Capital Management LLC raised its stake in shares of iStar Financial by 4.7% in the second quarter. ETRADE Capital Management LLC now owns 13,703 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 620 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of iStar Financial by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 54,243 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 926 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of iStar Financial by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 49,918 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 1,687 shares during the period. Hedge funds and other institutional investors own 83.47% of the company’s stock.

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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