istar (NYSE:STAR) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect istar to post earnings of ($0.30) per share for the quarter.
istar (NYSE:STAR) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.05). The business had revenue of $106.80 million during the quarter, compared to analyst estimates of $125.90 million. istar had a negative return on equity of 5.87% and a negative net margin of 14.17%. The business’s revenue for the quarter was down 70.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, analysts expect istar to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
istar stock opened at $13.12 on Wednesday. The firm has a market capitalization of $830.62 million, a P/E ratio of -13.81 and a beta of 0.70. The stock has a fifty day simple moving average of $12.43. The company has a current ratio of 3.68, a quick ratio of 3.68 and a debt-to-equity ratio of 3.07. istar has a 12 month low of $7.84 and a 12 month high of $13.12.
A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 16th. Finally, Raymond James reissued a “buy” rating on shares of Tamarack-Valley-Energy in a report on Tuesday, May 28th.
In other news, major shareholder Istar Inc. purchased 2,445 shares of istar stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $25.08 per share, with a total value of $61,320.60. Following the completion of the acquisition, the insider now owns 7,830,766 shares in the company, valued at approximately $196,395,611.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 173,188 shares of company stock valued at $5,105,951. Corporate insiders own 5.24% of the company’s stock.
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions.
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