Today, Campbell & CO Investment Adviser LLC Buys 11,847 Shares of iStar Financial Inc. (STAR)

Today, Campbell & CO Investment Adviser LLC Buys 11,847  Shares of iStar Financial Inc. (STAR)

Campbell & CO Investment Adviser LLC purchased a new stake in iStar Financial Inc. (NYSE:STAR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,847 shares of the company’s stock, valued at approximately $127,000.

A number of other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in iStar Financial by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 10,619 shares of the company’s stock worth $102,000 after buying an additional 211 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in iStar Financial by 1.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 33,058 shares of the company’s stock valued at $317,000 after buying an additional 460 shares during the period. Aperio Group LLC boosted its stake in iStar Financial by 16.8% in the third quarter. Aperio Group LLC now owns 36,830 shares of the company’s stock valued at $395,000 after buying an additional 5,310 shares during the period. Alliancebernstein L.P. boosted its stake in iStar Financial by 4.6% in the second quarter. Alliancebernstein L.P. now owns 122,180 shares of the company’s stock valued at $1,172,000 after buying an additional 5,400 shares during the period. Finally, California Public Employees Retirement System boosted its stake in iStar Financial by 2.2% in the third quarter. California Public Employees Retirement System now owns 304,684 shares of the company’s stock valued at $3,269,000 after buying an additional 6,500 shares during the period. 87.89% of the stock is currently owned by institutional investors.

iStar Financial Inc. (NYSE:STAR) traded up 0.40% on Friday, reaching $12.67. The company’s stock had a trading volume of 250,923 shares. The company has a market capitalization of $901.80 million, a price-to-earnings ratio of 16.18 and a beta of 1.66. iStar Financial Inc. has a 1-year low of $7.59 and a 1-year high of $13.34. The firm’s 50 day moving average price is $11.28 and its 200-day moving average price is $10.50.

iStar Financial (NYSE:STAR) last issued its earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.19. iStar Financial had a return on equity of 17.13% and a net margin of 22.55%. Equities analysts forecast that iStar Financial Inc. will post $0.84 earnings per share for the current year.

Separately, Keefe, Bruyette & Woods increased their price objective on iStar Financial from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 5th.

In related news, insider Nina Matis sold 37,000 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $12.18, for a total transaction of $450,660.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robin Josephs sold 12,100 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $12.45, for a total value of $150,645.00. The disclosure for this sale can be found here. 4.76% of the stock is owned by insiders.

iStar Financial Company Profile

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’s business segments include Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The real estate finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.

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