iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. bought 14,948 shares of the company’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of $17.81 per share, for a total transaction of $266,223.88. Following the completion of the purchase, the insider now owns 6,339,424 shares of the company’s stock, valued at $112,905,141.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 Thursday, November 9th, Istar Inc. bought 12,747 shares of iStar Financial stock. The stock was bought at an average price of $17.93 per share, for a total transaction of $228,553.71.
  • On Wednesday, September 20th, Istar Inc. bought 45,997 shares of iStar Financial stock. The stock was bought at an average price of $19.22 per share, for a total transaction of $884,062.34.
  • On Tuesday, September 19th, Istar Inc. bought 34,405 shares of iStar Financial stock. The stock was bought at an average price of $19.28 per share, for a total transaction of $663,328.40.
  • On Friday, September 1st, Istar Inc. bought 16,738 shares of iStar Financial stock. The stock was bought at an average price of $19.74 per share, for a total transaction of $330,408.12.
  • On Thursday, August 31st, Istar Inc. bought 19,600 shares of iStar Financial stock. The stock was bought at an average price of $19.71 per share, for a total transaction of $386,316.00.
  • On Wednesday, August 30th, Istar Inc. purchased 19,707 shares of iStar Financial stock. The stock was acquired at an average cost of $19.66 per share, for a total transaction of $387,439.62.
  • On Tuesday, August 29th, Istar Inc. purchased 24,332 shares of iStar Financial stock. The stock was acquired at an average cost of $19.53 per share, for a total transaction of $475,203.96.
  • On Monday, August 28th, Istar Inc. purchased 22,931 shares of iStar Financial stock. The stock was acquired at an average cost of $19.54 per share, for a total transaction of $448,071.74.
  • On Friday, August 25th, Istar Inc. purchased 28,719 shares of iStar Financial stock. The stock was acquired at an average cost of $19.48 per share, for a total transaction of $559,446.12.
  • On Thursday, August 24th, Istar Inc. purchased 29,792 shares of iStar Financial stock. The stock was acquired at an average cost of $19.38 per share, for a total transaction of $577,368.96.

iStar Financial Inc. (NYSE:STAR) traded down $0.06 during trading on Monday, reaching $11.31. 230,700 shares of the company were exchanged, compared to its average volume of 483,761. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76. The company has a market cap of $771.34, a price-to-earnings ratio of 6.02 and a beta of 1.30. iStar Financial Inc. has a twelve month low of $10.95 and a twelve month high of $12.83.

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Several analysts have recently issued reports on STAR shares. Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. BidaskClub lowered shares of iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. ValuEngine lowered shares of iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised shares of iStar Financial from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

A number of institutional investors have recently bought and sold shares of STAR. Private Management Group Inc. increased its holdings in iStar Financial by 332.3% during the 3rd quarter. Private Management Group Inc. now owns 529,556 shares of the real estate investment trust’s stock worth $6,249,000 after acquiring an additional 407,069 shares during the period. Chicago Equity Partners LLC bought a new stake in iStar Financial during the 2nd quarter worth approximately $4,648,000. Balyasny Asset Management LLC bought a new stake in iStar Financial during the 2nd quarter worth approximately $4,188,000. American Century Companies Inc. bought a new stake in iStar Financial during the 3rd quarter worth approximately $3,914,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in iStar Financial by 63.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 818,793 shares of the real estate investment trust’s stock worth $9,662,000 after acquiring an additional 317,953 shares during the period. 88.93% of the stock is currently owned by institutional investors and hedge funds.

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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