iStar Inc. (NYSE:STAR – Get Rating) shares gapped up before the market opened on Tuesday . The stock had previously closed at $10.53, but opened at $11.48. iStar shares last traded at $10.56, with a volume of 847 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. TheStreet lowered iStar from a “c-” rating to a “d+” rating in a research note on Wednesday, October 12th. StockNews.com lowered iStar from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th.
iStar Stock Down 2.7 %
The business has a fifty day moving average of $10.14 and a 200 day moving average of $13.52. The firm has a market cap of $906.85 million, a P/E ratio of 1.41 and a beta of 1.26. The company has a quick ratio of 10.74, a current ratio of 10.74 and a debt-to-equity ratio of 0.99.
Institutional Investors Weigh In On iStar
iStar Company Profile
iStar Inc (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform.
- Get a free copy of the StockNews.com research report on iStar (STAR)
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