Apollo Management Holdings buys $10.7 Million stake in istar Inc (STAR)

istar Inc (STAR) : Apollo Management Holdings scooped up 732,894 additional shares in istar Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,100,338 shares of istar Inc which is valued at $10.7 Million.istar Inc makes up approximately 0.39% of Apollo Management Holdings’s portfolio.

Other Hedge Funds, Including , Penn Capital Management Co Inc reduced its stake in STAR by selling 7,347 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 523,886 shares of STAR which is valued at $5.1 Million. istar Inc makes up approx 0.29% of Penn Capital Management Co Inc’s portfolio.Teacher Retirement System Of Texas boosted its stake in STAR in the latest quarter, The investment management firm added 2,524 additional shares and now holds a total of 10,408 shares of istar Inc which is valued at $101,062.Manufacturers Life Insurance Company The boosted its stake in STAR in the latest quarter, The investment management firm added 912 additional shares and now holds a total of 57,139 shares of istar Inc which is valued at $554,820. Campbell Co Investment Adviser sold out all of its stake in STAR during the most recent quarter. The investment firm sold 10,349 shares of STAR which is valued $95,625.

istar Inc opened for trading at $9.52 and hit $9.63 on the upside on Friday, eventually ending the session at $9.52, with a gain of 0.42% or 0.04 points. The heightened volatility saw the trading volume jump to 3,35,771 shares. Company has a market cap of $718 M.

Many Wall Street Analysts have commented on istar Inc. istar Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Feb 26, 2016.

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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