Shares of iStar Inc. (NYSE:STAR) traded at a new 52-week high today of $23.14. So far today approximately 317,000 shares have been exchanged, as compared to an average 30-day volume of 864,000 shares.
iStar Inc finances, invests in, and develops real estate and real estate-related projects. The company operates through four segments. The real estate finance segment comprises a portfolio of senior and subordinated loans secured by commercial real estate assets. The net lease segment is engaged in lease transactions across office, industrial, retail, hotel, entertainment, and other property types, primarily to corporate tenants. The operating properties segment owns, operates, and revitalises office, retail, and hotel properties. The land and development segment is engaged in land sales, as well as design, entitlement, and development of residential communities. The company’s primary source of revenue is net lease income.
iStar Inc. has overhead space with shares priced $22.96, or 23.0% below the average consensus analyst price target of $29.83.
iStar Inc. share prices have moved between a 52-week high of $23.14 and a 52-week low of $11.10 and are now trading 107% above that low price at $22.96 per share.
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