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Friday, December 2, 2022

Analysts Point To iStar Inc. (NYSE: STAR) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for iStar Inc. (STAR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.61, or -5.00%, to $11.6. Volume reached 321,605 shares, with price reaching a high of $11.6 and a low of $11.55. Recently, Yahoo Finance discussed the stock, revealing that iStar Declares Quarterly Common Dividend and Preferred Stock Dividends.


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Stocks Info

As a NYSE listed company, STAR falls under the Real Estate sector while operating within the REIT – Diversified industry segment. At the end of the last regular session, the stock closed at $11.55 and fluctuated between $12.32 as its day high and $11.54 as its day low. The current market capitalization of iStar Inc. is $1.11B. A total of 1.82 million shares were traded on the day, compared to an average of 988.72K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, STAR has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 2,257 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 18 SELLs from insiders. Insiders purchased 806,615 shares during that period but sold 346,607.

In the most recent transaction, ISTAR INC. bought 10,280 shares of STAR for 75.97 per share on Oct 14. After the transaction, the 10% Owner now owns 36,089,823 company shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. STAR’s most recent ex-dividend date was 08/31/2022 when it declared a $0.125 quarterly dividend that was paid in cash on 09/15/2022. Previously, the company paid the dividend on 06/15/2022 with an ex-dividend date of 05/31/2022. The dividend was $0.125 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for STAR in the last 3 months, the mean price target is $29.25 with high estimates of $37.00 and low estimates of $15.75. In terms of 52-week highs and lows, STAR has a high of $27.75 and a low of $12.11.

As of this writing, STAR has an earnings estimate of $-0.33 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $-0.33 per share and a lower estimate of $-0.33. The company reported an EPS of $-0.64 in the last quarter, which was -93.94% lower than expectations of $-0.33.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STAR is Buy with a score of 4.50. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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