iStar - STAR Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iStar in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" STAR shares.
View STAR analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 12-month target prices for iStar's shares. Their STAR share price forecasts range from $21.00 to $21.00. On average, they anticipate the company's stock price to reach $21.00 in the next year. This suggests a possible upside of 107.7% from the stock's current price.
View analysts price targets for STAR or view top-rated stocks among Wall Street analysts.

iStar's stock was trading at $25.83 on January 1st, 2022. Since then, STAR shares have decreased by 60.9% and is now trading at $10.11.
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iStar saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,430,000 shares, a decline of 25.0% from the August 15th total of 3,240,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 2.3 days.
View iStar's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our STAR earnings forecast.

iStar Inc. (NYSE:STAR) released its earnings results on Tuesday, November, 2nd. The real estate investment trust reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $1.48. iStar had a negative trailing twelve-month return on equity of 1.55% and a net margin of 191.50%. During the same quarter last year, the firm earned ($0.03) earnings per share.

iStar declared a quarterly dividend on Wednesday, August 17th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.125 per share on Thursday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for STAR.

iStar (NYSE:STAR) pays an annual dividend of $0.50 per share and currently has a dividend yield of 5.40%. STAR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for STAR.

8 employees have rated iStar Chief Executive Officer Jay Sugarman on Glassdoor.com. Jay Sugarman has an approval rating of 100% among the company's employees. This puts Jay Sugarman in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other iStar investors own include CA (CA), BlackRock (BLK), Iron Mountain (IRM), Macerich (MAC), Medical Properties Trust (MPW), New Residential Investment (NRZ), NVIDIA (NVDA), AGNC Investment (AGNC), Endologix (ELGX) and Energy Transfer (ET).

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

Shares of STAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STAR stock can currently be purchased for approximately $10.11.

iStar (NYSE:STAR) has a market capitalization of $863.19 million and generates $308.63 million in revenue each year. The real estate investment trust earns $132.48 million in net income (profit) each year or $8.77 on an earnings per share basis.

The company employs 144 workers across the globe.

iStar's mailing address is 1114 AVENUE OF THE AMERICAS 39TH FLOOR, NEW YORK NY, 10036. The official website for the company is www.istar.com. The real estate investment trust can be reached via phone at (212) 930-9400, via email at investors@istar.com, or via fax at 212-930-9494.