A Director at istar Financial (NYSE: STAR) is Selling Shares

By Carrie Williams

Yesterday, a Director at istar Financial (NYSE: STAR), Robin Josephs, sold shares of STAR for $150.5K.

Following Robin Josephs’ last STAR Sell transaction on May 23, 2016, the stock climbed by 3.0%. In addition to Robin Josephs, 3 other STAR executives reported Sell trades in the last month.

Based on istar Financial’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $129 million and quarterly net profit of $24.68 million. In comparison, last year the company earned revenue of $122 million and had a GAAP net loss of $19.75 million. The company has a one year high of $13.34 and a one year low of $7.59. Currently, istar Financial has an average volume of 977.5K.

In the last 30 days, insiders have sold $779.5K worth of STAR shares and purchased $9,776 worth of STAR shares. The insider sentiment on istar Financial has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

iStar, Inc. is an integrated finance and investment company focused on the commercial real estate industry. It operates its business through the following segments: Real Estate Finance, Net Leasing, Operating Properties, and Land. The Real Estate Finance segment primarily comprised of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate and are structured to meet the specific financing needs of borrowers. The Net Leasing segment comprises of properties owned by the company and leased to single creditworthy tenants where the properties are subject to long-term leases. The Operating Properties segment consists of commercial and residential properties which represent a diverse pool of assets across a broad range of geographies and property types. The Land segment is an urban infill land parcels located throughout the U.S. and constitutes of land entitled for master planned communities as well as waterfront. The company was founded by Jay Sugarman in 1993 and is headquartered in New York, NY.