Jbf Capital Exits Position in istar Inc (STAR)

istar Inc (STAR) : Jbf Capital has sold out all of its stake in istar Inc during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 20,000 shares of istar Inc which is valued at $219,400.

Other Hedge Funds, Including , R.m.sincerbeaux Capital Management reduced its stake in STAR by selling 1,300 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 55,000 shares of STAR which is valued at $603,350. istar Inc makes up approx 0.58% of R.m.sincerbeaux Capital Management’s portfolio. Quantbot Technologies Lp added STAR to its portfolio by purchasing 4,884 company shares during the most recent quarter which is valued at $50,012. istar Inc makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Loeb Partners Corp reduced its stake in STAR by selling 6,500 shares or 14.94% in the most recent quarter. The Hedge Fund company now holds 37,000 shares of STAR which is valued at $381,840. istar Inc makes up approx 0.12% of Loeb Partners Corp’s portfolio.

istar Inc opened for trading at $11.02 and hit $11.06 on the upside on Monday, eventually ending the session at $11.03, with a gain of 1.47% or 0.16 points. The heightened volatility saw the trading volume jump to 2,75,574 shares. Company has a market cap of $785 M.

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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