Keefe Bruyette & Woods Maintains istar Inc to Market Perform with Price Target $13.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on istar Inc(NYSE:STAR). In a research note issued to the investors, the brokerage major Raises the price-target to $13.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 5, 2016.

istar Inc (STAR) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.55% at a volume of 2,51,402. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.0423. The peak price level was also seen at $11.0423 while the days lowest was $10.85. Finally the shares closed at $10.93. The 52-week high of the shares is $13.85 while the 52-week low is $7.585. According to the latest information available, the market cap of the company is $778 M.

istar Inc(STAR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.56.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Dale Ann Reiss (director) purchased 900 shares at $21.98 per share price.Also, On Mar 7, 2016, Robin Josephs (director) purchased 3,030 shares at $21.21 per share price.On Mar 3, 2016, David Michael Distaso (CFO) purchased 607 shares at $20.75 per share price, according to the Form-4 filing with the securities and exchange commission.

iStar Inc. formerly iStar Financial Inc. finances invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company is focused on the commercial real estate industry. Its business segments are Real Estate Finance Net Lease Operating Properties and Land & Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate. The Net Lease portfolio consists of properties owned by the Company and leased to single tenants where the properties are subject to long-term leases. The Operating Properties portfolio consists of commercial and residential properties which represent a pool of assets across geographies and property types. The Land & Development portfolio consists of land entitled for master planned communities and waterfront and urban infill land parcels. It provides investment capital to private and corporate owners of real estate.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

istar Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on istar Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.