iStar (NYSE:STAR) Reaches New 52-Week Low at $6.57

Shares of iStar Inc. (NYSE:STAR – Get Rating) reached a new 52-week low on Monday . The stock traded as low as $6.57 and last traded at $6.71, with a volume of 175779 shares. The stock had previously closed at $6.90.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com assumed coverage on iStar in a research note on Friday, March 10th. They issued a “hold” rating for the company. TheStreet raised iStar from a “d+” rating to a “c-” rating in a report on Monday, February 13th. Finally, Raymond James lowered iStar from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st.

iStar Stock Up 1.0 %

The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 1.18. The company has a market cap of $591.38 million, a P/E ratio of 1.08 and a beta of 1.34. The company has a fifty day moving average of $8.34 and a 200 day moving average of $9.39.

Institutional Trading of iStar

Large investors have recently modified their holdings of the company. CWM LLC grew its holdings in iStar by 1,428.8% during the third quarter. CWM LLC now owns 2,920 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,729 shares during the period. EverSource Wealth Advisors LLC grew its holdings in iStar by 2,308.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,300 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 3,163 shares during the period. Ellevest Inc. grew its holdings in iStar by 5,073.4% during the fourth quarter. Ellevest Inc. now owns 3,311 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 3,247 shares during the period. Point72 Middle East FZE bought a new stake in iStar during the fourth quarter valued at about $35,000. Finally, Quadrant Capital Group LLC grew its holdings in iStar by 7,576.6% during the third quarter. Quadrant Capital Group LLC now owns 4,913 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 4,849 shares during the period. Institutional investors own 84.11% of the company’s stock.

iStar Company Profile

(Get Rating)

iStar, Inc is a real estate investment trust company which engages in the financing, investing, and development of real estate and related projects. It operates through the following segments: Real Estate Finance, Net Lease, Operating Properties, Land and Development, and Corporate and Other. The Real Estate Finance segment includes all of the activities of the company related to senior and mezzanine real estate loans and real estate related securities.