iStar Inc. (NYSE:STAR) Position Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of iStar Inc. (NYSE:STAR – Get Rating) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,997 shares of the real estate investment trust’s stock after selling 1,837 shares during the period. State of Alaska Department of Revenue owned about 0.11% of iStar worth $859,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in iStar by 10.3% during the second quarter. State Street Corp now owns 2,895,356 shares of the real estate investment trust’s stock worth $39,695,000 after buying an additional 269,728 shares in the last quarter. Aristotle Capital Boston LLC boosted its holdings in iStar by 8.9% during the second quarter. Aristotle Capital Boston LLC now owns 1,627,214 shares of the real estate investment trust’s stock worth $22,309,000 after buying an additional 132,943 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in iStar by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,073,615 shares of the real estate investment trust’s stock worth $25,134,000 after buying an additional 17,470 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in iStar by 1.3% during the second quarter. Douglas Lane & Associates LLC now owns 920,058 shares of the real estate investment trust’s stock worth $12,614,000 after buying an additional 11,782 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in iStar by 16.5% during the second quarter. Goldman Sachs Group Inc. now owns 857,813 shares of the real estate investment trust’s stock worth $11,760,000 after buying an additional 121,670 shares in the last quarter. 84.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on STAR. TheStreet lowered shares of iStar from a “c-” rating to a “d+” rating in a research note on Wednesday, October 12th. StockNews.com raised shares of iStar from a “sell” rating to a “hold” rating in a research note on Thursday, December 1st.

iStar Trading Up 3.6 %

iStar stock opened at $8.11 on Monday. The company has a 50 day moving average price of $8.94 and a 200 day moving average price of $11.67. iStar Inc. has a 52 week low of $7.04 and a 52 week high of $26.71. The company has a debt-to-equity ratio of 0.99, a quick ratio of 10.74 and a current ratio of 10.74. The firm has a market capitalization of $703.11 million, a price-to-earnings ratio of 1.10 and a beta of 1.23.

About iStar

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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.