iStar Inc. (NYSE:STAR) Given Consensus Rating of “Hold” by Analysts

iStar Inc. (NYSE:STARGet Rating) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.00.

STAR has been the subject of a number of research analyst reports. StockNews.com cut iStar from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded iStar from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Finally, TheStreet cut iStar from a “c” rating to a “d+” rating in a research note on Tuesday, March 22nd.

NYSE STAR traded down $0.82 on Tuesday, hitting $19.11. The stock had a trading volume of 29,851 shares, compared to its average volume of 659,921. The business’s fifty day moving average price is $23.71 and its 200 day moving average price is $24.30. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.85 and a quick ratio of 2.85. iStar has a 52-week low of $16.43 and a 52-week high of $27.75. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 14.26 and a beta of 0.72.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, February 28th. This represents a $0.50 dividend on an annualized basis and a yield of 2.62%. iStar’s dividend payout ratio is currently 37.31%.

Several institutional investors have recently modified their holdings of STAR. Capital Analysts LLC purchased a new stake in shares of iStar in the third quarter worth about $38,000. US Bancorp DE increased its holdings in shares of 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. Gotham Asset Management LLC purchased a new position in shares of iStar during the 4th quarter valued at approximately $203,000. Essex Financial Services Inc. purchased a new position in shares of iStar during the 3rd quarter valued at approximately $201,000. Finally, BOKF NA purchased a new position in shares of iStar during the 3rd quarter valued at approximately $207,000. 93.76% of the stock is owned by hedge funds and other institutional investors.

About iStar (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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