iStar Financial Inc. (NYSE:STAR) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 1-year consensus price target of $13.00 for the company, according to Zacks. Zacks has also given iStar Financial an industry rank of 80 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods upped their target price on shares of iStar Financial from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 5th.
A number of hedge funds have recently made changes to their positions in STAR. Real Estate Management Services LLC increased its stake in shares of iStar Financial by 16.9% in the second quarter. Real Estate Management Services LLC now owns 3,013,100 shares of the company’s stock valued at $28,896,000 after buying an additional 434,600 shares during the period. Aperio Group LLC increased its stake in shares of iStar Financial by 6.4% in the first quarter. Aperio Group LLC now owns 29,230 shares of the company’s stock valued at $282,000 after buying an additional 1,767 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of iStar Financial during the first quarter valued at approximately $228,000. UBS Group AG increased its stake in shares of iStar Financial by 8.7% in the first quarter. UBS Group AG now owns 3,285,485 shares of the company’s stock valued at $31,738,000 after buying an additional 262,361 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of 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. 89.12% of the stock is currently owned by institutional investors.
iStar Financial (NYSE:STAR) traded up 1.02% during mid-day trading on Tuesday, hitting $10.93. 150,252 shares of the stock traded hands. The company’s 50 day moving average price is $10.67 and its 200-day moving average price is $10.13. iStar Financial has a 1-year low of $7.59 and a 1-year high of $13.34. The stock has a market cap of $777.95 million, a price-to-earnings ratio of 49.23 and a beta of 1.68.
iStar Financial (NYSE:STAR) last released its earnings results on Thursday, August 4th. The company reported $0.56 earnings per share for the quarter. The firm had revenue of $126.90 million for the quarter, compared to the consensus estimate of $109.20 million. iStar Financial had a net margin of 13.07% and a return on equity of 13.52%. Analysts predict that iStar Financial will post $0.84 earnings per share for the current year.
About iStar Financial
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.