iStar (NYSE:STAR) Covered 2023
STAR has been the focus of investigation in a variety of further study studies. Inside a research note dated January 31st and published by Raymond James, the “outperform” rating that had been assigned to iStar was changed to a “market perform” one. In a study published on Monday, February 13th, TheStreet moved iStar up to a “c-” rating, moving it up from a “d+” rating.
iStar’s Cost to Performance Ratio
On Friday, STAR shares were trading at $6.74 when the market opened. iStar’s share price had a yearly low of $6.55 and a yearly high of $24.75, respectively, over the last year. The moving average for the stock over the past fifty days is $8.27, and over the past 200 days it has been $9.30. The company’s debt-to-equity ratio is at 1.18, while its quick ratio is 10.40 and its current ratio also stands at 10.40. In addition to having a price-to-earnings ratio of 1.07 and a beta value of 1.34, the company has a market capitalization of $585.27 million.
Hedge Funds Weigh In On iStar
Recent months have seen a number of hedge funds either increase or decrease the size of their holdings in STAR. During the fourth quarter, Ellevest Inc. increased its holdings in iStar shares by a factor of 5,073.4 percent. After purchasing an additional 3,247 shares during the most recent quarter, Ellevest Inc. has a total of 3,311 shares of the real estate investment trust’s stock, which is currently valued at $25,000. During the course of the fourth quarter, EverSource Wealth Advisors LLC was able to increase its holdings in iStar by 2,308%. After making further purchases totaling 3,163 shares during the time frame in question, EverSource Wealth Advisors LLC currently has 3,300 shares of the real estate investment trust’s stock, which have a combined value of $25,000. During the third quarter, CWM LLC increased its holdings in iStar by a whopping 1,428.8 percent. After making further purchases totaling 2,729 shares over the time period in question, CWM LLC now has ownership of 2,920 shares of the real estate investment trust’s stock, which have a value of $27,000. During the fourth quarter, Point72 Middle East FZE purchased a new position in iStar that was valued at roughly $35,000. Last but not least, during the third quarter, Quadrant Capital Group LLC increased its holdings in shares of iStar by a whopping 7,576.6%. After making further purchases of 4,849 shares during the time period in question, Quadrant Capital Group LLC now has a total of 4,913 shares of the real estate investment trust’s stock, which is now valued at $45,000. The company’s stock is owned by institutional investors and hedge funds to the extent of 84.11%.
Profile of the iStar Company (Get Rating)
iStar, Inc. is a real estate investment trust firm that is involved in the financing, investing, and development of real estate and related projects. These activities fall under the general category of “real estate.” It conducts its business via the Real Estate Financing, Net Lease, Operational Properties, Land and Development, and Corporate and Other segments respectively. All of the company’s operations that are associated with senior and mezzanine real estate loans as well as real estate-related securities are handled by the Real Estate Finance sector of the business.