NYSE:STAR - istar Stock Price, News, & Analysis

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$11.41 +0.12 (+1.06 %)
(As of 09/23/2018 11:46 AM ET)
Previous Close$11.41
Today's Range$11.1594 - $11.42
52-Week Range$9.75 - $12.22
Volume3.25 million shs
Average Volume1.35 million shs
Market Capitalization$775.51 million
P/E Ratio4.05
Dividend Yield3.16%
Beta0.97
istar logoiStar (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. The Company is structured as a real estate investment trust ("REIT"), with a diversified portfolio focused on larger assets located in major metropolitan markets.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:STAR
CUSIPN/A
Phone212-930-9400

Debt

Debt-to-Equity Ratio3.20
Current Ratio8.43
Quick Ratio8.43

Price-To-Earnings

Trailing P/E Ratio4.05
Forward P/E Ratio4.16
P/E GrowthN/A

Sales & Book Value

Annual Sales$679.20 million
Price / Sales1.14
Cash Flow$4.5640 per share
Price / Cash2.50
Book Value$13.40 per share
Price / Book0.85

Profitability

EPS (Most Recent Fiscal Year)$2.31
Net Income$175.68 million
Net Margins11.28%
Return on Equity9.50%
Return on Assets1.90%

Miscellaneous

Employees186
Outstanding Shares67,970,000
Market Cap$775.51 million

istar (NYSE:STAR) Frequently Asked Questions

What is istar's stock symbol?

istar trades on the New York Stock Exchange (NYSE) under the ticker symbol "STAR."

How often does istar pay dividends? What is the dividend yield for istar?

istar announced an annual dividend on Thursday, August 2nd. Shareholders of record on Wednesday, August 15th will be given a dividend of $0.09 per share on Friday, August 31st. This represents a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 14th. View istar's Dividend History.

How will istar's stock buyback program work?

istar declared that its board has approved a share buyback program on Friday, December 15th 2017, which allows the company to repurchase 50,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were istar's earnings last quarter?

istar Inc (NYSE:STAR) issued its earnings results on Thursday, August, 2nd. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.18. The real estate investment trust had revenue of $171.57 million for the quarter, compared to analyst estimates of $119.30 million. istar had a net margin of 11.28% and a return on equity of 9.50%. The company's quarterly revenue was down 50.7% on a year-over-year basis. During the same quarter last year, the company posted $2.28 earnings per share. View istar's Earnings History.

When is istar's next earnings date?

istar is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for istar.

What price target have analysts set for STAR?

3 analysts have issued 12-month price objectives for istar's shares. Their forecasts range from $14.00 to $14.00. On average, they expect istar's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price. View Analyst Price Targets for istar.

What is the consensus analysts' recommendation for istar?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for istar in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for istar.

Are investors shorting istar?

istar saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 7,409,984 shares, an increase of 51.8% from the August 15th total of 4,880,701 shares. Based on an average daily volume of 2,181,401 shares, the short-interest ratio is currently 3.4 days. Currently, 11.5% of the company's shares are short sold. View istar's Current Options Chain.

Who are some of istar's key competitors?

Who are istar's key executives?

istar's management team includes the folowing people:
  • Mr. Jay S. Sugarman, Chairman & CEO (Age 55)
  • Ms. Nina B. Matis, Vice Chairman & Chief Legal Officer (Age 70)
  • Mr. Geoffrey G. Jervis, Advisor (Age 46)
  • Mr. Marcos Alvarado, Pres & Chief Investment Officer (Age 37)
  • Mr. Andrew C. Richardson CPA, CFO and Pres of Land & Devel. (Age 51)

Who are istar's major shareholders?

istar's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (10.34%), BlackRock Inc. (9.07%), FMR LLC (8.99%), Real Estate Management Services LLC (3.07%), Private Management Group Inc. (2.65%) and Renaissance Technologies LLC (0.67%). Company insiders that own istar stock include Aneel Singh Waraich, Azevedo Luis Mauricio F De, Dale Ann Reiss, Istar Inc, Jay Sugarman, Matthew Gaden Western Wood, Nina Matis and Robin Josephs. View Institutional Ownership Trends for istar.

Which institutional investors are selling istar stock?

STAR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, BlackRock Inc., James Investment Research Inc., Diamond Hill Capital Management Inc., Real Estate Management Services LLC, California Public Employees Retirement System and Convergence Investment Partners LLC. View Insider Buying and Selling for istar.

Which institutional investors are buying istar stock?

STAR stock was purchased by a variety of institutional investors in the last quarter, including Private Management Group Inc., KBC Group NV, Millennium Management LLC, State Board of Administration of Florida Retirement System, Dalton Greiner Hartman Maher & Co., Russell Investments Group Ltd., Laurion Capital Management LP and Chicago Equity Partners LLC. Company insiders that have bought istar stock in the last two years include Aneel Singh Waraich, Azevedo Luis Mauricio F De, Dale Ann Reiss, Istar Inc and Matthew Gaden Western Wood. View Insider Buying and Selling for istar.

How do I buy shares of istar?

Shares of STAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is istar's stock price today?

One share of STAR stock can currently be purchased for approximately $11.41.

How big of a company is istar?

istar has a market capitalization of $775.51 million and generates $679.20 million in revenue each year. The real estate investment trust earns $175.68 million in net income (profit) each year or $2.31 on an earnings per share basis. istar employs 186 workers across the globe.

What is istar's official website?

The official website for istar is http://www.istar.com.

How can I contact istar?

istar's mailing address is 1114 AVENUE OF THE AMERICAS 39TH FLOOR, NEW YORK NY, 10036. The real estate investment trust can be reached via phone at 212-930-9400 or via email at [email protected]


MarketBeat Community Rating for istar (NYSE STAR)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  186 (Vote Outperform)
Underperform Votes:  174 (Vote Underperform)
Total Votes:  360
MarketBeat's community ratings are surveys of what our community members think about istar and other stocks. Vote "Outperform" if you believe STAR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STAR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/23/2018 by MarketBeat.com Staff

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