istar Inc (STAR) : Mcclain Value Management reduced its stake in istar Inc by 60.39% during the most recent quarter end. The investment management company now holds a total of 641,614 shares of istar Inc which is valued at $5,928,513 after selling 978,174 shares in istar Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.istar Inc makes up approximately 4.83% of Mcclain Value Management’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd added STAR to its portfolio by purchasing 12,376 company shares during the most recent quarter which is valued at $114,354. istar Inc makes up approx 0.01% of Bluecrest Capital Management Ltd’s portfolio. Quadrant Capital Group sold out all of its stake in STAR during the most recent quarter. The investment firm sold 1,040 shares of STAR which is valued $10,192. Reilly Financial Advisors sold out all of its stake in STAR during the most recent quarter. The investment firm sold 1 shares of STAR which is valued $10. Klingman Associates added STAR to its portfolio by purchasing 2,171 company shares during the most recent quarter which is valued at $20,928. istar Inc makes up approx 0.01% of Klingman Associates’s portfolio.
istar Inc opened for trading at $9.85 and hit $9.98 on the upside on Tuesday, eventually ending the session at $9.9, with a gain of 1.23% or 0.12 points. The heightened volatility saw the trading volume jump to 6,45,840 shares. Company has a market cap of $747 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.