iStar (NYSE:STAR) Upgraded to C- at TheStreet

iStar (NYSE:STARGet Rating) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a report issued on Tuesday, TheStreetRatingsTable reports.

A number of other analysts have also commented on the stock. StockNews.com lowered shares of iStar from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of iStar from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, iStar currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Shares of STAR stock opened at $18.34 on Tuesday. The company has a 50 day moving average price of $22.02 and a 200-day moving average price of $23.71. iStar has a 52 week low of $16.43 and a 52 week high of $27.75. The firm has a market capitalization of $1.27 billion, a PE ratio of 1.80 and a beta of 0.89. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 2.42.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in shares of iStar by 87.7% in the first quarter. Versant Capital Management Inc now owns 2,877 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,344 shares during the period. US Bancorp DE boosted its position in shares of iStar by 239.6% in the third quarter. US Bancorp DE now owns 5,155 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 3,637 shares during the period. Essex Financial Services Inc. bought a new position in shares of iStar in the third quarter worth approximately $201,000. Gotham Asset Management LLC bought a new position in shares of iStar in the fourth quarter worth approximately $203,000. Finally, BOKF NA bought a new position in shares of iStar in the third quarter worth approximately $207,000. Institutional investors own 96.77% of the company’s stock.

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.

Featured Stories

Receive News & Ratings for iStar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iStar and related companies with MarketBeat.com's FREE daily email newsletter.