Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Makes New Investment in iStar Inc. (NYSE:STAR)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in iStar Inc. (NYSE:STAR – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,574 shares of the real estate investment trust’s stock, valued at approximately $376,000.

Other large investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in iStar by 1,428.8% in the 3rd quarter. CWM LLC now owns 2,920 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,729 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of iStar during the 2nd quarter valued at approximately $77,000. Point72 Hong Kong Ltd bought a new position in shares of iStar during the 1st quarter valued at approximately $145,000. US Bancorp DE increased its position in shares of iStar by 11.6% during the 1st quarter. US Bancorp DE now owns 8,808 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 917 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in shares of iStar during the 2nd quarter valued at approximately $159,000. Institutional investors own 84.11% of the company’s stock.

Analyst Ratings Changes

STAR has been the topic of several analyst reports. StockNews.com downgraded iStar from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. TheStreet cut iStar from a “c-” rating to a “d+” rating in a research note on Wednesday, October 12th.

iStar Stock Up 1.5 %

iStar stock opened at $8.71 on Monday. The firm has a market cap of $755.13 million, a price-to-earnings ratio of 1.18 and a beta of 1.23. The business’s 50-day moving average price is $8.53 and its 200 day moving average price is $11.29. The company has a quick ratio of 10.74, a current ratio of 10.74 and a debt-to-equity ratio of 0.99. iStar Inc. has a 52 week low of $7.04 and a 52 week high of $26.71.

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.