iStar Inc. (NYSE:STAR) Stock Holdings Raised by Putnam Investments LLC

Putnam Investments LLC raised its stake in iStar Inc. (NYSE:STAR – Get Rating) by 219.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 119,288 shares of the real estate investment trust’s stock after purchasing an additional 81,984 shares during the period. Putnam Investments LLC’s holdings in iStar were worth $1,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of STAR. US Bancorp DE increased its position in shares of iStar by 11.6% in the 1st quarter. US Bancorp DE now owns 8,808 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 917 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of iStar by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,176 shares of the real estate investment trust’s stock worth $448,000 after purchasing an additional 2,619 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of iStar in the 1st quarter worth about $310,000. Natixis Advisors L.P. bought a new stake in shares of iStar in the 1st quarter worth about $400,000. Finally, MetLife Investment Management LLC grew its position in shares of iStar by 52.7% during the 1st quarter. MetLife Investment Management LLC now owns 36,810 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 12,704 shares during the last quarter. Institutional investors own 84.11% of the company’s stock.

iStar Price Performance

NYSE STAR opened at $6.74 on Tuesday. iStar Inc. has a 52 week low of $6.57 and a 52 week high of $24.75. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 1.18. The stock has a market cap of $585.30 million, a price-to-earnings ratio of 1.07 and a beta of 1.34. The company has a 50-day moving average price of $8.36 and a two-hundred day moving average price of $9.45.

Analyst Ratings Changes

STAR has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of iStar in a research report on Friday. They set a “hold” rating for the company. Raymond James downgraded shares of iStar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 31st. Finally, TheStreet raised shares of iStar from a “d+” rating to a “c-” rating in a research report on Monday, February 13th.

About iStar

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iStar, Inc is a real estate investment trust company which engages in the financing, investing, and development of real estate and related projects. It operates through the following segments: Real Estate Finance, Net Lease, Operating Properties, Land and Development, and Corporate and Other. The Real Estate Finance segment includes all of the activities of the company related to senior and mezzanine real estate loans and real estate related securities.