iStar Inc. (STAR) Research

iStar Inc. (NYSE: STAR) is a pioneering entity dedicated to transforming the ground lease market. Its mission involves creating greater worth for property owners across the United States by offering innovative and more effective ground leases for a wide array of properties. As both the originator, primary investment manager, and largest equity holder in Safehold Inc. (NYSE: SAFE) – the inaugural publicly listed firm specializing in modern ground leases – iStar is instrumental in establishing a sensible, novel paradigm for real estate ownership. The company strategically leverages its established expertise in finance and net lease arrangements to further develop this distinctive platform. Renowned for its persistent innovation within the real estate domain, iStar excels at identifying and commercializing emerging opportunities. Over its twenty-year history, the firm has successfully executed transactions exceeding $40 billion in total value.

Market snapshot

Symbol
STAR
Price
$7.63
Day change
+2.01%
Market cap
$662.6M
P/E ratio
4.77x
52-week range
7.495-56.85511
Sector
Real Estate
Industry
REIT - Diversified

Peer companies

  • Arlington Asset Investment Corp. 6.75% SR NT 25 (AIC)
  • Broadmark Realty Capital Inc. (BRMK)
  • Columbia Property Trust, Inc. (CXP)
  • New York Mortgage Trust, Inc. (NYMT)
  • FLJ Group Limited (QK)
  • Urstadt Biddle Properties Inc. (UBA)

Recent insider activity

  • SUGARMAN JAY — G-Gift (100000 shares) on 2023-12-29
  • SUGARMAN JAY — G-Gift (100000 shares) on 2023-12-29
  • NYDICK JAY S — S-Sale (8046 shares) on 2023-12-19
  • NYDICK JAY S — S-Sale (10500 shares) on 2023-12-18
  • JOSEPHS ROBIN — S-Sale (1150 shares) on 2023-12-12

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