Cwm LLC Acquires 2,729 Shares of iStar Inc. (NYSE:STAR)

Cwm LLC raised its holdings in shares of iStar Inc. (NYSE:STAR – Get Rating) by 1,428.8% during the third quarter, Holdings Channel reports. The fund owned 2,920 shares of the real estate investment trust’s stock after buying an additional 2,729 shares during the period. Cwm LLC’s holdings in iStar were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of STAR. Captrust Financial Advisors purchased a new stake in shares of iStar during the second quarter valued at approximately $77,000. Point72 Hong Kong Ltd purchased a new stake in shares of iStar during the first quarter valued at approximately $145,000. US Bancorp DE lifted its stake in iStar by 11.6% in the first quarter. US Bancorp DE now owns 8,808 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 917 shares during the period. Corton Capital Inc. purchased a new stake in iStar in the second quarter worth $159,000. Finally, Handelsbanken Fonder AB purchased a new stake in iStar in the second quarter worth $159,000. 84.11% of the stock is currently owned by institutional investors.

iStar Stock Performance

Shares of iStar stock opened at $8.71 on Friday. The company has a current ratio of 10.74, a quick ratio of 10.74 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $755.13 million, a P/E ratio of 1.18 and a beta of 1.23. The business has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $11.30. iStar Inc. has a 12 month low of $7.04 and a 12 month high of $26.71.

Wall Street Analysts Forecast Growth

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

iStar Company Profile

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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.