NYSE:STARistar Stock Price, Forecast & News

$11.75

+0.52 (+4.63 %)

(As of 06/2/2020 12:33 PM ET)

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Today's Range

$11.32

Now: $11.75▼

$11.77

50-Day Range

$7.71

MA: $9.36▼

$11.25

52-Week Range

$5.48

Now: $11.75▼

$17.50

Volume22,379 shs

Average Volume681,930 shs

Market Capitalization$898.88 million

P/E Ratio3.42

Dividend Yield4.03%

Beta0.72

iStar (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.

Beat the Market (BTM) Rank^™

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 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.50, istar has a potential upside of 40.4% from its current price of $11.75.
Amount of Analyst Coverage
istar has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
istar has received 299 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
istar has received 291 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
istar has received 50.68% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Leadership
istar is a leading dividend payer. It pays a dividend yield of 4.03%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
istar has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of istar is 11.80 %. This payout ratio is at a healthy, sustainable level, below 75%.

1.0 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 3.88% of the stock of istar is held by insiders.
Percentage Held by Institutions
94.10% of the stock of istar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for istar are expected to grow in the coming year, from ($2.02) to ($0.98) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of istar is 3.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of istar is 3.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.03.
Price to Book Value per Share Ratio
istar has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.40 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:STAR

Previous SymbolNYSE:SFI

CUSIPN/A

CIK1095651

Webwww.istar.com

Phone212-930-9400

Debt

Debt-to-Equity Ratio3.12

Current Ratio2.79

Quick Ratio2.79

Price-To-Earnings

Trailing P/E Ratio3.42

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$479.50 million

Price / Sales1.87

Cash Flow$6.12 per share

Price / Cash Flow1.92

Book Value$19.91 per share

Price / Book0.59

Profitability

EPS (Most Recent Fiscal Year)$3.73

Net Income$324.04 million

Net Margins58.20%

Return on Equity25.33%

Return on Assets6.16%

Miscellaneous

Employees166

Outstanding Shares76,500,000

Market Cap$898.88 million

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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istar (NYSE:STAR) Frequently Asked Questions

How has istar's stock been impacted by COVID-19 (Coronavirus)?

istar's stock was trading at $14.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, STAR stock has decreased by 19.2% and is now trading at $11.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of istar?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for istar in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for istar.

When is istar's next earnings date?

istar is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for istar.

How were istar's earnings last quarter?

istar Inc (NYSE:STAR) announced its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $0.14 EPS for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.02. The real estate investment trust earned $173.46 million during the quarter, compared to analyst estimates of $101.50 million. istar had a net margin of 58.20% and a return on equity of 25.33%. View istar's earnings history.

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

istar announced a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.11 per share on Monday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from istar's previous quarterly dividend of $0.10. View istar's dividend history.

What price target have analysts set for STAR?

1 analysts have issued 12-month price objectives for istar's stock. Their forecasts range from $16.50 to $16.50. On average, they expect istar's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 40.4% from the stock's current price. View analysts' price targets for istar.

Has istar been receiving favorable news coverage?

Media coverage about STAR stock has been trending very positive on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. istar earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutistar.

Who are some of istar's key competitors?

Some companies that are related to istar include SL Green Realty (SLG), Blackstone Mortgage Trust (BXMT), New Residential Investment (NRZ), Rayonier (RYN), Corporate Office Properties Trust (OFC), Howard Hughes (HHC), Sabra Health Care REIT (SBRA), EPR Properties (EPR), Taubman Centers (TCO), Lexington Realty Trust (LXP), National Health Investors (NHI), Weingarten Realty Investors (WRI), Apple Hospitality REIT (APLE), Potlatchdeltic (PCH) and Hannon Armstrong Sustnbl Infrstr Cap (HASI). View all competitors.

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), Endologix (ELGX), New Residential Investment (NRZ), Chipotle Mexican Grill (CMG), AGNC Investment (AGNC), Aegean Marine Petroleum Network (ANW), Apollo Commercial Real Est. Finance (ARI), Iron Mountain (IRM) and Macerich (MAC).

Who are istar's key executives?

istar's management team includes the following people:

Mr. Jay S. Sugarman, Chairman & CEO (Age 56)
Ms. Nina B. Matis, Vice Chairman (Age 71)
Mr. Marcos Alvarado, Pres & Chief Investment Officer (Age 38)
Mr. Andrew C. Richardson CPA, CFO and Pres of Land & Devel. (Age 52)
Mr. Geoffrey G. Jervis, Advisor (Age 47)

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 many different retail and institutional investors. Top institutional shareholders include UBS Group AG (8.70%), State Street Corp (3.06%), Diamond Hill Capital Management Inc. (2.49%), Invesco Ltd. (1.73%), Alyeska Investment Group L.P. (1.25%) and Geode Capital Management LLC (1.25%). Company insiders that own istar stock include Dale Anne Reiss, Istar Inc, Marcos Alvarado and Robert W Holman Jr. View institutional ownership trends for istar.

Which major investors are selling istar stock?

STAR stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Diamond Hill Capital Management Inc., Invesco Ltd., Grantham Mayo Van Otterloo & Co. LLC, Nuveen Asset Management LLC, Public Sector Pension Investment Board, Real Estate Management Services LLC, and State of Michigan Retirement System. View insider buying and selling activity for istar.

Which major investors are buying istar stock?

STAR stock was acquired by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Balyasny Asset Management LLC, Centaurus Financial Inc., State Street Corp, Geode Capital Management LLC, Principal Financial Group Inc., Canada Pension Plan Investment Board, and UBS Group AG. Company insiders that have bought istar stock in the last two years include Dale Anne Reiss, Istar Inc, Marcos Alvarado, and Robert W Holman Jr. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is istar's stock price today?

One share of STAR stock can currently be purchased for approximately $11.75.

How big of a company is istar?

istar has a market capitalization of $898.88 million and generates $479.50 million in revenue each year. The real estate investment trust earns $324.04 million in net income (profit) each year or $3.73 on an earnings per share basis. istar employs 166 workers across the globe.

What is istar's official website?

The official website for istar is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff