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

iStar (NYSE:STARGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Several other analysts have also recently issued reports on the company. TheStreet cut iStar from a “c” rating to a “d+” rating in a research note on Tuesday, March 22nd. Zacks Investment Research upgraded iStar from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $33.33.

Shares of NYSE STAR opened at $20.58 on Monday. The stock’s 50 day moving average price is $24.03 and its two-hundred day moving average price is $24.44. iStar has a 52-week low of $16.43 and a 52-week high of $27.75. The stock has a market capitalization of $1.42 billion, a P/E ratio of 15.36 and a beta of 0.72. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 2.42.

Several large investors have recently bought and sold shares of the company. Capital Analysts LLC bought a new position in iStar in the 3rd quarter worth approximately $38,000. US Bancorp DE boosted its stake in iStar by 239.6% during the 3rd quarter. US Bancorp DE now owns 5,155 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 3,637 shares in the last quarter. Essex Financial Services Inc. bought a new position in iStar during the 3rd quarter valued at $201,000. Gotham Asset Management LLC bought a new position in iStar during the 4th quarter valued at $203,000. Finally, BOKF NA bought a new position in iStar during the 3rd quarter valued at $207,000. 93.76% of the stock is owned by institutional investors.

iStar Company Profile (Get Rating)

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.

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