R.m.sincerbeaux Capital Management Lowers stake in istar Inc (STAR)

istar Inc (STAR) : R.m.sincerbeaux Capital Management reduced its stake in istar Inc by 2.31% during the most recent quarter end. The investment management company now holds a total of 55,000 shares of istar Inc which is valued at $603,350 after selling 1,300 shares in istar Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.istar Inc makes up approximately 0.58% of R.m.sincerbeaux Capital Management’s portfolio.

Other Hedge Funds, Including , Jbf Capital sold out all of its stake in STAR during the most recent quarter. The investment firm sold 20,000 shares of STAR which is valued $219,400. Chicago Equity Partners sold out all of its stake in STAR during the most recent quarter. The investment firm sold 174,860 shares of STAR which is valued $1,811,550.Msi Financial Services Inc boosted its stake in STAR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,530 shares of istar Inc which is valued at $15,575.

istar Inc opened for trading at $11.02 and hit $11.06 on the upside on Monday, eventually ending the session at $11.03, with a gain of 1.47% or 0.16 points. The heightened volatility saw the trading volume jump to 2,75,574 shares. Company has a market cap of $785 M.

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.

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