NYSE:STAR

iStar - STAR Stock Forecast, Price & News

$16.53

-0.21 (-1.25%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $16.19
▼
$16.64
50-Day Range: $13.70
▼
$17.19
52-Week Range: $13.48
▼
$27.75

Volume: 594,822 shs
Average Volume: 890,891 shs
Market Capitalization: $1.41 billion

P/E Ratio: 1.88
Dividend Yield: 2.99%
Price Target: $30.00

iStar MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 81.5% Upside
$30.00 Price Target
Short Interest: Healthy
6.52% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.49
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.71) to ($1.15) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Finance Sector

274th out of 932 stocks

Real Estate Investment Trusts Industry

49th out of 197 stocks

3.5

Analyst's Opinion

Consensus Rating
iStar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, iStar has a forecasted upside of 81.5% from its current price of $16.53.
Amount of Analyst Coverage
iStar has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
6.52% of the outstanding shares of iStar have been sold short.
Short Interest Ratio / Days to Cover
iStar has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in iStar has recently decreased by 12.56%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
iStar pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
iStar has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of iStar is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for STAR.

1.9

News and Social Media Coverage

News Sentiment
iStar has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for iStar this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for STAR on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, iStar insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.88% of the stock of iStar is held by insiders.
Percentage Held by Institutions
96.77% of the stock of iStar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for iStar are expected to decrease in the coming year, from ($0.71) to ($1.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of iStar is 1.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of iStar is 1.88, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 149.28.
Price to Book Value per Share Ratio
iStar has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About iStar (NYSE:STAR) Stock

iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.

Analysts Set New Price Targets

A number of research firms have recently commented on STAR. TheStreet raised iStar from a "d+" rating to a "c-" rating in a research note on Tuesday, May 3rd. StockNews.com raised iStar from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Raymond James lowered their price target on iStar from $33.00 to $21.00 in a report on Tuesday, May 24th.

iStar Stock Performance

STAR Stock traded down $0.33 during trading on Wednesday, reaching $16.41. The stock had a trading volume of 2,557 shares, compared to its average volume of 1,130,059. iStar has a 52 week low of $13.48 and a 52 week high of $27.75. The stock's 50 day moving average is $14.99 and its two-hundred day moving average is $19.04. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.12. The firm has a market cap of $1.40 billion, a PE ratio of 1.91 and a beta of 1.05.

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STAR Stock News Headlines

August 17, 2022 | americanbankingnews.com

iStar (NYSE:STAR) Upgraded to "Hold" by StockNews.com

August 17, 2022 | benzinga.com

Lifshitz Law PLLC Announces Investigations of FTAI, MVBF, SAFE, and STAR - Benzinga

August 13, 2022 | americanbankingnews.com

iStar (NYSE:STAR) Shares Gap Down to $17.08

August 13, 2022 | businesswire.com

ISTAR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of iStar Inc. - STAR - Business Wire

August 11, 2022 | finance.yahoo.com

Safehold Operating Partnership LP -- Moody's affirms Safehold's Baa1 rating and revises its outlook to positive - Yahoo Finance

August 9, 2022 | americanbankingnews.com

iStar (NYSE:STAR) Downgraded by StockNews.com to Sell

August 7, 2022 | seekingalpha.com

Safehold Stock: Did We Miss The Bottom? (NYSE:SAFE) - Seeking Alpha

August 6, 2022 | in.investing.com

iStar Financial Tops Q2 EPS by 19c By Investing.com - Investing.com India

August 4, 2022 | nasdaq.com

IStar Financial (STAR) Reports Q2 Loss, Tops Revenue Estimates - Nasdaq

August 4, 2022 | investing.com

iStar Financial Tops Q2 EPS by 19c By Investing.com - Investing.com

August 4, 2022 | seekingalpha.com

iStar Q2 2022 Earnings Preview (NYSE:STAR) - Seeking Alpha

August 4, 2022 | ca.investing.com

iStar Financial Tops Q2 EPS by 19c By Investing.com - Investing.com Canada

August 4, 2022 | greenwichtime.com

IStar: Q2 Earnings Snapshot - Greenwich Time

August 4, 2022 | uk.investing.com

iStar Financial Tops Q2 EPS by 19c By Investing.com - Investing.com UK

August 4, 2022 | finance.yahoo.com

iStar Reports Second Quarter 2022 Results

August 3, 2022 | streetinsider.com

Safehold Reports Second Quarter 2022 Results - StreetInsider.com

July 29, 2022 | nasdaq.com

Community West Bancshares (CWBC) Q2 Earnings Miss Estimates - Nasdaq

July 29, 2022 | finance.yahoo.com

iStar Sets Second Quarter 2022 Earnings Release Date and Webcast

July 28, 2022 | nasdaq.com

Altisource Portfolio Solutions (ASPS) Reports Q2 Loss, Tops Revenue Estimates - Nasdaq

July 21, 2022 | nasdaq.com

iStar (NYSE:STAR) shareholders are up 6.5% this past week, but still in the red over the last year - Nasdaq

July 21, 2022 | streetinsider.com

Safehold Closes Sixth Transaction with Avanti Residential, $62.5 Million Ground Lease in Miami - StreetInsider.com

July 21, 2022 | finance.yahoo.com

iStar (NYSE:STAR) adds US$75m to market cap in the past 7 days, though investors from a year ago are still down 35%

July 21, 2022 | nasdaq.com

AbbVie To Collaborate With ISTAR Medical; To Pay $60 Mln To Further Develop MINIject

July 18, 2022 | globenewswire.com

IBCAP-supported litigation results in Michigan retailer, Atlas Electronics, being ordered to pay more than $5.7 million for selling IStar pirate service - GlobeNewswire

June 27, 2022 | finance.yahoo.com

Elbit Systems Awarded $70 Million Contract to Provide EW Solution to an International Customer - Yahoo Finance

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STAR Company Calendar

Last Earnings: 11/02/2021
Ex-Dividend for 6/15 Dividend: 5/31/2022
Dividend Payable: 6/15/2022
Today: 8/17/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:STAR
Previous Symbol: NYSE:SFI
CUSIP: N/A
CIK: 1095651
Web: www.istar.com
Phone: (212) 930-9400
Fax: 212-930-9494
Employees: 144
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $30.00
High Stock Price Forecast: $39.00
Low Stock Price Forecast: $21.00
Forecasted Upside/Downside: +81.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.77
Trailing P/E Ratio: 1.88
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $132.48 million
Net Margins: 191.50%
Pretax Margin: -20.42%
Return on Equity: -1.55%
Return on Assets: -0.50%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 11.41
Quick Ratio: 11.41

Sales & Book Value

Annual Sales: $308.63 million
Price / Sales: 4.57
Cash Flow: $3.49 per share
Price / Cash Flow: 4.74
Book Value: $19.10 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 85,377,000
Free Float: 81,211,000
Market Cap: $1.41 billion
Optionable: Optionable
Beta: 1.05

Key Executives

Mr. Jay S. Sugarman (Age 59)
Exec. Chairman & CEO
Comp: $938.03k
Mr. Marcos Alvarado (Age 41)
Pres & Chief Investment Officer
Comp: $3.22M
Mr. Garett Rosenblum (Age 48)
Sr. VP & Chief Accounting Officer
Comp: $686.51k
Mr. Brett Asnas (Age 37)
Chief Financial Officer
Ms. Kyle Curtin
Chief Admin. Officer
Mr. Jason Fooks
Sr. VP of Investor Relations & Marketing
Mr. Geoffrey M. Dugan
Sr. VP, Compliance Officer, Gen. Counsel of Corp. & Corp. Sec.
Mr. Douglas B. Heitner (Age 40)
Chief Legal Officer
Ms. Theresa Ulyatt
Chief People Officer
Mr. Chase S. Curtis Jr.
Exec. VP of Credit

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

STAR Stock - Frequently Asked Questions

Should I buy or sell iStar stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iStar in the last year. There are currently 2 buy ratings 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.
What is iStar's stock price forecast for 2022?: 2 equities research analysts have issued 12-month price targets for iStar's stock. Their STAR share price forecasts range from $21.00 to $39.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 81.5% from the stock's current price.
View analysts price targets for STAR or view top-rated stocks among Wall Street analysts.
How have STAR shares performed in 2022?: iStar's stock was trading at $25.83 on January 1st, 2022. Since then, STAR shares have decreased by 36.0% and is now trading at $16.53.
View the best growth stocks for 2022 here.
When is iStar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our STAR earnings forecast.
How were iStar's earnings last quarter?: iStar Inc. (NYSE:STAR) announced its quarterly earnings data on Tuesday, November, 2nd. The real estate investment trust reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned ($0.03) EPS.
How often does iStar pay dividends? What is the dividend yield for iStar?: iStar declared a quarterly dividend on Friday, May 13th. Investors of record on Wednesday, June 1st will be given a dividend of $0.125 per share on Wednesday, June 15th. This represents a $0.50 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, May 31st.
Read our dividend analysis for STAR.
Is iStar a good dividend stock?: iStar (NYSE:STAR) pays an annual dividend of $0.50 per share and currently has a dividend yield of 2.99%. 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.

What is Jay Sugarman's approval rating as iStar's CEO?: 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.
What other stocks do shareholders of iStar own?: 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).
What is iStar's stock symbol?: iStar trades on the New York Stock Exchange (NYSE) under the ticker symbol "STAR."
Who are iStar's major shareholders?: iStar's stock is owned by a number of institutional and retail investors. Top institutional investors include NewEdge Wealth LLC (5.69%), State Street Corp (3.39%), FMR LLC (2.35%), Aristotle Capital Boston LLC (1.91%), Douglas Lane & Associates LLC (1.11%) and UBS Group AG (1.04%). Insiders that own company stock include Garett Rosenblum, Istar Inc and Marcos Alvarado.
View institutional ownership trends.
How do I buy shares of iStar?: 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.
Compare Top Brokerages Here.
What is iStar's stock price today?: One share of STAR stock can currently be purchased for approximately $16.53.
How much money does iStar make?: iStar (NYSE:STAR) has a market capitalization of $1.41 billion 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.
How many employees does iStar have?: The company employs 144 workers across the globe.
How can I contact iStar?: 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.

This page (NYSE:STAR) was last updated on 8/18/2022 by MarketBeat.com Staff

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iStar - STAR Stock Forecast, Price & News

iStar MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month