Istar Inc. (STAR) Files Form 4 Insider Buying : Dale Ann Reiss Buys 900 Shares

Istar Inc. (STAR): Dale Ann Reiss , director of Istar Inc. purchased 900 shares on May 5, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $21.98 per share for a total value of $19,782.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Feb 19, 2016, Dale Ann Reiss (director) purchased 500 shares at $20.30 per share price.

Shares of istar Inc (STAR) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.97% at $9.16 with 5,51,458 shares getting traded. Post opening the session at $9.23, the shares hit an intraday low of $9.15 and an intraday high of $9.3 and the price vacillated in this range throughout the day. The company has a market cap of $697 M and the number of outstanding shares has been calculated to be 7,60,69,038 shares. The 52-week high of istar Inc is $14.77 and the 52-week low is $7.585.

istar Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.istar Inc is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued 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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