istar Inc (NYSE:STAR) major shareholder Istar Inc. acquired 25,000 shares of the stock in a transaction on Thursday, December 28th. The stock was bought at an average price of $17.87 per share, with a total value of $446,750.00. Following the completion of the acquisition, the insider now directly owns 6,806,956 shares of the company’s stock, valued at $121,640,303.72. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, December 26th, Istar Inc. acquired 24,031 shares of istar stock. The stock was bought at an average price of $17.73 per share, with a total value of $426,069.63.
  • On Friday, December 22nd, Istar Inc. acquired 24,047 shares of istar stock. The stock was bought at an average price of $17.75 per share, with a total value of $426,834.25.
  • On Wednesday, December 20th, Istar Inc. acquired 10,937 shares of istar stock. The stock was bought at an average price of $18.08 per share, with a total value of $197,740.96.
  • On Monday, December 18th, Istar Inc. acquired 10,000 shares of istar stock. The stock was bought at an average price of $18.17 per share, with a total value of $181,700.00.
  • On Friday, December 15th, Istar Inc. acquired 17,749 shares of istar stock. The stock was bought at an average price of $18.01 per share, with a total value of $319,659.49.
  • On Wednesday, December 13th, Istar Inc. acquired 12,800 shares of istar stock. The stock was bought at an average price of $18.15 per share, with a total value of $232,320.00.
  • On Monday, December 11th, Istar Inc. acquired 22,436 shares of istar stock. The stock was bought at an average price of $17.83 per share, with a total value of $400,033.88.
  • On Friday, December 8th, Istar Inc. acquired 19,962 shares of istar stock. The stock was bought at an average price of $17.90 per share, with a total value of $357,319.80.
  • On Wednesday, December 6th, Istar Inc. acquired 21,900 shares of istar stock. The stock was bought at an average price of $17.86 per share, with a total value of $391,134.00.
  • On Monday, December 4th, Istar Inc. acquired 21,075 shares of istar stock. The stock was bought at an average price of $18.02 per share, with a total value of $379,771.50.

istar Inc (NYSE STAR) opened at $11.30 on Friday. istar Inc has a 1-year low of $10.95 and a 1-year high of $12.74. The stock has a market cap of $895.65, a P/E ratio of -21.32 and a beta of 1.26. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 4.76.

istar declared that its board has initiated a stock buyback plan on Thursday, December 14th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC lifted its holdings in shares of istar by 4.7% during 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 purchasing an additional 620 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of istar by 1.7% during 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 purchasing an additional 926 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of istar by 2.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 144,505 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 2,950 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of istar by 10.6% during the second quarter. Voya Investment Management LLC now owns 34,648 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 3,315 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in istar by 57.4% in the 2nd quarter. Sei Investments Co. now owns 14,196 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 5,179 shares during the last quarter. Hedge funds and other institutional investors own 87.49% of the company’s stock.

Several equities analysts have recently issued reports on STAR shares. BidaskClub upgraded shares of istar from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. ValuEngine upgraded shares of istar from a “hold” rating to a “buy” rating in a report on Friday, December 15th. TheStreet lowered shares of istar from a “c” rating to a “d” rating in a report on Friday, November 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.00 target price on shares of istar in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.00.

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About istar

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 (NYSE:STAR)

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