istar Inc (NYSE:STAR) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.10 per share by the real estate investment trust on Monday, December 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, November 15th.

Shares of NYSE STAR opened at $12.43 on Thursday. istar has a fifty-two week low of $7.84 and a fifty-two week high of $13.75. The stock has a market cap of $756.56 million, a price-to-earnings ratio of -13.08 and a beta of 0.66. The company has a debt-to-equity ratio of 2.97, a quick ratio of 4.14 and a current ratio of 4.14. The firm’s 50-day simple moving average is $12.84 and its 200 day simple moving average is $12.03.

istar (NYSE:STAR) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.13). istar had a net margin of 51.92% and a return on equity of 21.71%. The business had revenue of $145.34 million during the quarter, compared to the consensus estimate of $106.65 million. During the same period in the previous year, the business posted $0.05 EPS. istar’s revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts predict that istar will post 4.02 EPS for the current year.

Several equities analysts recently weighed in on STAR shares. Zacks Investment Research cut shares of istar from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. TheStreet raised shares of istar from a “d+” rating to a “c” rating in a research report on Thursday, August 1st. ValuEngine lowered shares of istar from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Raymond James increased their price objective on shares of istar from $12.50 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. istar presently has an average rating of “Hold” and a consensus price target of $14.50.

In related news, major shareholder Istar Inc. purchased 34,946 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $28.38 per share, for a total transaction of $991,767.48. Following the purchase, the insider now directly owns 27,010,843 shares in the company, valued at approximately $766,567,724.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marcos Alvarado purchased 26,846 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $3.72 per share, with a total value of $99,867.12. In the last quarter, insiders acquired 301,391 shares of company stock valued at $8,315,316. Company insiders own 5.24% of the company’s stock.

istar Company Profile

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.

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Dividend History for istar (NYSE:STAR)

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