istar Inc (NYSE:STAR) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also given istar an industry rank of 168 out of 265 based on the ratings given to related companies.

STAR has been the subject of several research reports. BidaskClub lowered shares of istar from a “sell” rating to a “strong sell” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 price objective on shares of istar in a research note on Thursday, August 31st. Finally, TheStreet upgraded istar from a “d+” rating to a “c” rating in a research report on Wednesday, August 23rd.

In other istar news, Director Matthew Gaden Western Wood acquired 139,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was acquired at an average cost of $0.28 per share, for a total transaction of $38,920.00. Also, major shareholder Istar Inc. acquired 45,997 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was acquired at an average price of $19.22 per share, with a total value of $884,062.34. Following the completion of the transaction, the insider now directly owns 6,245,061 shares of the company’s stock, valued at $120,030,072.42. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 578,233 shares of company stock valued at $3,263,217. Company insiders own 4.41% of the company’s stock.

Several hedge funds have recently bought and sold shares of STAR. Principal Financial Group Inc. increased its holdings in istar by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 13,449 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 373 shares during the period. Teachers Advisors LLC boosted its position in shares of istar by 10.9% in the 1st quarter. Teachers Advisors LLC now owns 137,632 shares of the real estate investment trust’s stock valued at $1,624,000 after purchasing an additional 13,520 shares during the period. Geode Capital Management LLC lifted its position in istar by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 520,755 shares of the real estate investment trust’s stock worth $6,144,000 after acquiring an additional 3,559 shares during the period. Schwab Charles Investment Management Inc. lifted its position in istar by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 328,984 shares of the real estate investment trust’s stock worth $3,883,000 after acquiring an additional 32,839 shares during the period. Finally, Bank of America Corp DE lifted its position in istar by 10.7% during the 1st quarter. Bank of America Corp DE now owns 274,267 shares of the real estate investment trust’s stock worth $3,236,000 after acquiring an additional 26,611 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

istar (NYSE STAR) remained flat at $$11.50 during trading hours on Thursday. 661,330 shares of the company’s stock were exchanged, compared to its average volume of 423,956. The firm has a market cap of $784.30, a P/E ratio of 6.12 and a beta of 1.26. istar has a 52 week low of $10.95 and a 52 week high of $12.78. The company has a quick ratio of 6.50, a current ratio of 6.50 and a debt-to-equity ratio of 4.76.

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istar 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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