News headlines about iStar Financial (NYSE:STAR) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. iStar Financial earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 44.6053465231761 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.00 target price on shares of iStar Financial in a report on Thursday, August 31st. TheStreet raised shares of iStar Financial from a “d+” rating to a “c” rating in a report on Wednesday, August 23rd. ValuEngine cut shares of iStar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub cut shares of iStar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.00.
Shares of iStar Financial (NYSE:STAR) opened at 11.35 on Wednesday. The firm’s 50-day moving average is $11.77 and its 200-day moving average is $11.97. The firm has a market cap of $819.36 million, a PE ratio of 6.18 and a beta of 1.29. iStar Financial has a 12-month low of $10.19 and a 12-month high of $12.83.
iStar Financial (NYSE:STAR) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.87 by ($0.63). The business had revenue of $347.87 million during the quarter. iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. Equities analysts expect that iStar Financial will post $3.09 earnings per share for the current fiscal year.
In other iStar Financial news, major shareholder Istar Inc. bought 16,738 shares of the stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $19.74 per share, with a total value 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 is accessible through this hyperlink. Insiders acquired a total of 738,702 shares of company stock worth $14,048,614 in the last ninety days. Insiders own 4.41% of the company’s stock.
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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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