According to the most recent filing that Strs Ohio made with the Securities and Exchange Commission, during the third quarter of 2018, the amount of iStar Inc. (NYSE: STAR) shares it owned decreased by 18.8 percent. Following the completion of the quarter, the institutional investor was left in possession of a total of 70,484 shares of the company’s stock following the sale of 16,290 shares of the real estate investment trust’s stock. After the most recent financial quarter, Strs Ohio invested in iStar with a value of $652,000.
Recently, transactions involving the company’s stock have taken place with other hedge funds. These transactions involved the company. In the second quarter, approximately $77,000 was invested by Captrust Financial Advisors in cash and other assets to purchase a new stake in iStar. Point72 Hong Kong Ltd. made an additional investment in iStar during the first three months of 2018 by purchasing a stake in the company for approximately $145,000. US Bancorp DE increased the amount of iStar stock owned by 11.6% during the first three months of the year, bringing its total ownership percentage to 100%. Following the acquisition of 917 additional shares during the most recent quarter, US Bancorp DE now has 8,808 shares of the real estate investment trust, valued at $206,000. These shares were acquired. Corton Capital Inc. increased its holdings of iStar shares during the second quarter by purchasing approximately 159,000 additional shares. This brought the total number of iStar shares held by the company to 320,000. Last but not least, during the second quarter, Handelsbanken Fonder AB initiated a new investment in iStar shares, which have a value of approximately $159,000. A total of 84.11 percent of the company’s shares are owned by various types of institutional investors, including hedge funds.
Several equity analysts have recently given their opinions on the STAR stock in response to various press releases that have been issued.
In a piece of content released on January 12th, StockNews.com advised its audience that they should “sell” rather than “hold” shares of iStar and not buy them. TheStreet has downgraded iStar from a rating of “c-” to a rating of “d+” based on the findings of a study that was made available to the public on Wednesday, October 12th.
Wednesday was the first day of trading for NYSE: STAR, and the first price of the day were $8.84. The stock price has been trading at an average moving price of $8.67 over the past 50 trading days, while the price has been trading at an average moving price of $11.40 over the last 200 trading days. Throughout the company, iStar Inc.’s share price has fluctuated between a 52-week low of $7.04 and a 52-week high of $26.71 at various points. The company has a price-to-earnings ratio of 1.19, a beta value of 1.23, and a market capitalization of $766.40 million. Both of these metrics indicate that the company is profitable. A debt-to-equity ratio of 0.99, a quick ratio of 10.74, a current ratio of 10.74, and a quick ratio of 10.74 are all present.
iStar Inc. (NYSE: STAR), committed to revolutionizing the ground lease market and releasing value for property owners across the country, is making this commitment by providing ground leases that are up-to-date, more efficient, and applicable to all types of properties. In addition, iStar, Inc. is a publicly-traded company on the New York Stock Exchange. iStar is contributing to developing a rationally sound new system for real estate ownership in its roles as founder, investment manager, and largest shareholder of Safehold Inc. (NYSE: SAFE), which was the first publicly traded firm to concentrate on modern ground leases. Safehold Inc. was the first publicly traded firm to concentrate on modern ground leases. It keeps expanding this platform by utilizing its capabilities in the banking and net lease industries in the past.
Would you be interested in finding out more about other hedge funds monitoring STAR? The most recent information on iStar Inc.’s 13F filings and insider transactions can be found on HoldingsChannel.com (NYSE: STAR).