iStar Financial Inc. (STAR) Stock Rating Lowered by TheStreet
iStar Financial Inc. (NYSE:STAR) was downgraded by equities researchers at TheStreet from a “c” rating to a “d” rating in a research note issued on Friday.
Several other analysts also recently commented on STAR. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a research report on Friday, July 21st. BidaskClub downgraded shares of iStar Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of iStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.
Shares of iStar Financial (STAR) opened at $11.25 on Friday. iStar Financial has a 12-month low of $10.95 and a 12-month high of $12.83. The company has a market cap of $893.82, a price-to-earnings ratio of 5.98 and a beta of 1.29. The company has a debt-to-equity ratio of 4.76, a current ratio of 6.50 and a quick ratio of 6.50.
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In related news, major shareholder Istar Inc. purchased 16,738 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was acquired at an average price of $19.74 per share, for a total transaction of $330,408.12. Following the acquisition, the insider now directly owns 5,908,572 shares of the company’s stock, valued at approximately $116,635,211.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew Gaden Western Wood purchased 139,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was bought at an average price of $0.28 per share, with a total value of $38,920.00. In the last 90 days, insiders have acquired 724,481 shares of company stock valued at $6,168,469. 4.41% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP increased its holdings in shares of iStar Financial by 21.9% in the 3rd quarter. GSA Capital Partners LLP now owns 36,154 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 6,498 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of iStar Financial by 8.8% in the 3rd quarter. Sterling Capital Management LLC now owns 208,155 shares of the real estate investment trust’s stock valued at $2,456,000 after purchasing an additional 16,855 shares in the last quarter. Claar Advisors LLC increased its holdings in shares of iStar Financial by 62.8% in the 3rd quarter. Claar Advisors LLC now owns 825,000 shares of the real estate investment trust’s stock valued at $9,735,000 after purchasing an additional 318,194 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of iStar Financial in the 3rd quarter valued at about $154,000. Finally, KBC Group NV increased its holdings in shares of iStar Financial by 89.5% in the 3rd quarter. KBC Group NV now owns 99,350 shares of the real estate investment trust’s stock valued at $1,172,000 after purchasing an additional 46,921 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.
iStar Financial Company Profile
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.
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