iStar Financial (NYSE:STAR) Receiving Somewhat Favorable News Coverage, Analysis Finds

News stories about iStar Financial (NYSE:STAR) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. iStar Financial earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.263196658829 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several research firms have recently commented on STAR. BidaskClub lowered iStar Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “hold” rating on shares of iStar Financial in a report on Friday, July 21st. Finally, ValuEngine lowered shares of iStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.

Shares of iStar Financial (STAR) traded up 0.42% during trading on Friday, reaching $11.94. The company had a trading volume of 202,079 shares. The company has a market capitalization of $861.95 million, a P/E ratio of 6.50 and a beta of 1.29. iStar Financial has a 52-week low of $10.19 and a 52-week high of $12.83. The firm has a 50-day moving average price of $11.98 and a 200-day moving average price of $11.97.

iStar Financial (NYSE:STAR) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 EPS for the quarter, missing the consensus estimate of $2.87 by $0.63. The firm had revenue of $347.87 million during the quarter. iStar Financial had a net margin of 32.82% and a return on equity of 22.21%. On average, analysts predict that iStar Financial will post $3.14 EPS for the current fiscal year.

In other news, major shareholder Istar Inc. purchased 19,600 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $19.68 per share, with a total value of $385,728.00. Following the acquisition, the insider now directly owns 5,665,385 shares in the company, valued at approximately $111,494,776.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 547,018 shares of company stock valued at $10,305,277. Insiders own 4.76% of the company’s stock.

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About iStar Financial

iStar Inc finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.

Insider Buying and Selling by Quarter for iStar Financial (NYSE:STAR)

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