istar Inc (STAR) : Real Estate Management Services scooped up 562,100 additional shares in istar Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 2,578,500 shares of istar Inc which is valued at $24,650,460.istar Inc makes up approximately 3.93% of Real Estate Management Services’s portfolio.
istar Inc closed down -0.02 points or -0.21% at $9.54 with 2,68,354 shares getting traded on Monday. Post opening the session at $9.5, the shares hit an intraday low of $9.35 and an intraday high of $9.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Creative Planning reduced its stake in STAR by selling 703 shares or 25.8% in the most recent quarter. The Hedge Fund company now holds 2,022 shares of STAR which is valued at $18,744.
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.