Media headlines about iStar Financial (NYSE:STAR) have been trending positive recently, Alpha One reports. Alpha One, a service of Accern, rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. iStar Financial earned a news impact score of 0.31 on Alpha One’s scale. Alpha One also gave news coverage about the real estate investment trust an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected AlphaOne Sentiment’s rankings:
Shares of iStar Financial (NYSE:STAR) traded up 0.58% on Friday, reaching $12.18. The company’s stock had a trading volume of 283,473 shares. iStar Financial has a 1-year low of $8.74 and a 1-year high of $12.83. The company’s 50 day moving average is $12.21 and its 200-day moving average is $12.05. The firm has a market cap of $878.24 million, a price-to-earnings ratio of 24.56 and a beta of 1.35.
iStar Financial (NYSE:STAR) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.02 by $0.28. iStar Financial had a net margin of 18.78% and a return on equity of 10.26%. The firm had revenue of $113.56 million during the quarter. Equities research analysts expect that iStar Financial will post $3.14 EPS for the current year.
STAR has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of iStar Financial in a report on Friday, March 31st. JMP Securities initiated coverage on iStar Financial in a report on Wednesday, April 5th. They set a “market perform” rating for the company. They noted that the move was a valuation call.
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In other iStar Financial news, insider Nina Matis sold 40,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $12.30, for a total transaction of $492,000.00. Following the sale, the insider now owns 240,386 shares of the company’s stock, valued at approximately $2,956,747.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.76% of the company’s stock.
About iStar Financial
iStar Inc finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.
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