iStar Inc. (NYSE:STAR) has a beta value of 0.74 and has seen 0.47 million shares traded in the last trading session. The company, currently valued at $2.01B, closed the last trade at $25.79 per share which meant it lost -$0.49 on the day or -1.86% during that session. The STAR stock price is -3.84% off its 52-week high price of $26.78 and 56.69% above the 52-week low of $11.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.47 million shares traded. The 3-month trading volume is 766.05K shares.
The consensus among analysts is that iStar Inc. (STAR) is an Overweight stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.15.
iStar Inc. (NYSE:STAR) trade information
Sporting -1.86% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the STAR stock price touched $25.79 or saw a rise of 3.7%. Year-to-date, iStar Inc. shares have moved 73.67%, while the 5-day performance has seen it change -2.42%. Over the past 30 days, the shares of iStar Inc. (NYSE:STAR) have changed 0.94%. Short interest in the company has seen 13.8 million shares shorted with days to cover at 15.46.
Wall Street analysts have a consensus price target for the stock at $30.67, which means that the shares’ value could jump 15.91% from current levels. The projected low price target is $25.00 while the price target rests at a high of $35.00. In that case, then, we find that the current price level is -35.71% off the targeted high while a plunge would see the stock lose 3.06% from current levels.
iStar Inc. (STAR) estimates and forecasts
Figures show that iStar Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 49.85% over the past 6 months, with this year growth rate of 81.48%, compared to -2.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 475.00% and 6.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be -19.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of $105.59 million for the current quarter. 3 have an estimated revenue figure of $105.02 million for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.80% over the past 5 years. Earnings growth for 2021 is a modest -123.40% while over the next 5 years, the company’s earnings are expected to decrease by 0.00%.
iStar Inc. is expected to release its next earnings report between November 01 and November 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.50 at a share yield of 1.94%. The company’s dividend yield has gone up over the past 12 months.
iStar Inc. (NYSE:STAR)’s Major holders
Insiders own 4.23% of the company shares, while shares held by institutions stand at 104.88% with a share float percentage of 109.52%. Investors are also buoyed by the number of investors in a company, with iStar Inc. having a total of 248 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 14.63 million shares worth more than $260.06 million. As of Mar 30, 2021, Blackrock Inc. held 19.97% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 11.23 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $199.68 million and represent 15.33% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Fidelity Real Estate Income Fund. As of Apr 29, 2021, the former fund manager holds about 6.67% shares in the company for having 4.88 million shares of worth $90.38 million while later fund manager owns 3.97 million shares of worth $60.21 million as of Jan 30, 2021, which makes it owner of about 5.42% of company’s outstanding stock.