iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.
IPO Year:
Exchange: NYSE
Website: istar.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/31/2023 | Outperform → Mkt Perform | Raymond James | |
11/3/2021 | $32.00 → $33.00 | Outperform | Raymond James |
9/10/2021 | $39.00 | Buy | Berenberg |
8/4/2021 | $25.00 → $32.00 | Outperform | Raymond James |
6/23/2021 | $35.00 | Buy | B. Riley Securities |
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8-K - Safehold Inc. (0001095651) (Filer)
8-K - Safehold Inc. (0001095651) (Filer)
NEW YORK, March 30, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today the final consolidation ratio that will be used in the reverse split of iStar common stock that will occur immediately prior to the effective time of the merger of iStar and Safehold ("Safe"). In the reverse stock split, each share of iStar common stock outstanding will be consolidated into 0.160 shares of iStar common stock (the "Star share consolidation ratio"). Immediately thereafter, Safe will merge with and into iStar, with iStar as the surviving corporation and operating under the name Safehold Inc. ("New Safehold"), and each outstanding share of Safe common stock will be converted into one share of commo
NEW YORK, March 28, 2023 /PRNewswire/ -- N-able Inc. (NYSE:NABL) will replace iStar Inc. (NYSE:STAR) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 3. S&P SmallCap 600 constituent Safehold Inc. (NYSE:SAFE) is acquiring iStar effective prior to the opening of trading on Friday, March 31. Immediately prior to its acquisition by Safehold, iStar will distribute shares in Star Holdings (NASD:STHO). Star Holdings is not eligible for the S&P SmallCap 600 following the spin-off transaction as it is not representative of the small-cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effecti
NEW YORK, March 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) today announced that its Board of Directors has conditionally declared a pro rata distribution of 0.153 common shares of Star Holdings for each share of iStar common stock outstanding as of March 27, 2023, the record date for the distribution. The distribution will effectuate the previously-announced spin-off of iStar's legacy assets business. The spin-off of Star Holdings is a condition to the closing of iStar's planned merger with Safehold Inc. iStar currently expects the distribution to be made before the open of trading on March 31, 2023, or on a date as promptly as practicable thereafter, subject to the satisfaction of th
NEW YORK, March 9, 2023 /PRNewswire/ -- iStar Inc. ("STAR") (NYSE:STAR) and Safehold Inc. ("SAFE") (NYSE:SAFE) today announced that STAR stockholders and SAFE stockholders have each voted, separately, to approve the proposed merger between STAR and SAFE at their respective special meetings of stockholders held virtually today, March 9, 2023. At the STAR special meeting of stockholders, the STAR stockholders approved the merger and the issuance of STAR common stock in connection with the merger. At the SAFE special meeting of stockholders, the SAFE stockholders approved the merger and the proposed changes to SAFE's Caret program. The final voting results of the STAR Special Meeting and SAFE
Urban Edge Properties (NYSE:UE) announced today the appointment of Catherine D. Rice to the Company's Board of Trustees, effective March 15, 2023. Ms. Rice is a seasoned leader with an extensive background in the real estate and financial industries and on public company boards. Her more than thirty-five years of experience includes key management and CFO roles with public and private real estate companies and deep expertise in the public and private capital markets where she has been involved in over $50 billion of capital-raising and financial advisory transactions. "We are thrilled to welcome Katy to our Board," said Jeff Olson, Chairman and CEO. "She brings valuable expertise across a
NEW YORK, Feb. 21, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) today reported results for the fourth quarter and fiscal year ended December 31, 2022. Highlights from the earnings announcement include: Net income (loss) of ($86.7) million or ($1.00) per diluted common share in Q4 '22, and $397.8 million or $4.92 per diluted common share for FY '22Adjusted earnings (losses) of ($79.9) million or ($0.92) per diluted common share in Q4 '22, and $522.0 million or $6.25 per diluted common share for FY '22$150 million of proceeds from asset sales and loan repayments in Q4 '22 and post quarter-end1$192 million special dividend paid in the form of 6.6 million Safehold sharesSafehold closed 26 ground
NEW YORK, Feb. 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Preferred Stock for the first quarter of 2023. The dividends are all payable on March 15, 2023 to holders of record on March 1, 2023. Series of Stock Liquidation Preference Dividend Per Share 8.00% Series D Preferred Stock $25.00 $0.50 7.65% Series G Preferred Stock $25.00 $0.478125 7.50% Series I Preferred Stock $25.00 $0.46875 * * * iStar Inc. (NYSE:STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficien
Livingston, New Jersey--(Newsfile Corp. - February 16, 2023) - Longman Law, P.C. ("Longma Law") and The Grant Law Firm, PLLC ("Grant Firm", with Longman Law, the "Firms") have commenced an investigation into whether the officers and directors of Safehold, Inc. (NYSE:SAFE) breached their fiduciary duties or violated federal securities laws in connection with the company's merger with iStar Inc (NYSE:STAR).Pursuant to the merger agreement, dated August 10, 2022, STAR and SAFE will combine through a stock-for stock merger, in which SAFE will merge with and into STAR, with STAR continuing as the surviving corporation and operating under the name "Safehold Inc." (the "Merger"). The Joint Proxy S
NEW YORK, Feb. 2, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2022 on Tuesday, February 21, 2023, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. The dial-in information for the live call is: Dial-in: 877.545.0320 International: 973.528.0002 Access Code: 420354 A replay of the call will be archived on the Company's website. Alternati
NEW YORK, Jan. 12, 2023 /PRNewswire/ -- iStar (NYSE:STAR) announced today the tax treatment of its 2022 common and preferred stock dividends. iStar is designating all dividends paid in 2022 as Capital Gain Distributions pursuant to Internal Revenue Code section 857(b)(3)(B). The entire capital gain distribution was paid from long-term capital gains from the sales of shares in domestically controlled real estate investment trusts. Accordingly, none constitutes Unrecaptured Section 1250 gain or Section 897 gain. iStar Common Stock NYSE: STARCUSIP: 45031U-101 Record Date Payment Date Distributionper Share OrdinaryIncome Capital GainDistribution Treas. Reg.§ 1.1061-6(c)One-YearAmount Treas. Reg.
Raymond James downgraded iStar from Outperform to Mkt Perform
Raymond James reiterated coverage of iStar with a rating of Outperform and set a new price target of $33.00 from $32.00 previously
Berenberg initiated coverage of iStar with a rating of Buy and set a new price target of $39.00
Raymond James reiterated coverage of iStar with a rating of Outperform and set a new price target of $32.00 from $25.00 previously
B. Riley Securities initiated coverage of iStar with a rating of Buy and set a new price target of $35.00
Raymond James reiterated coverage of iStar with a rating of Outperform and set a new price target of $25.00 from $19.00 previously
Raymond James resumed coverage of iStar with a rating of Outperform
Raymond James reiterated coverage of iStar with a rating of Outperform and set a new price target of $25.00 from $19.00 previously
Urban Edge Properties (NYSE:UE) announced today the appointment of Catherine D. Rice to the Company's Board of Trustees, effective March 15, 2023. Ms. Rice is a seasoned leader with an extensive background in the real estate and financial industries and on public company boards. Her more than thirty-five years of experience includes key management and CFO roles with public and private real estate companies and deep expertise in the public and private capital markets where she has been involved in over $50 billion of capital-raising and financial advisory transactions. "We are thrilled to welcome Katy to our Board," said Jeff Olson, Chairman and CEO. "She brings valuable expertise across a
– Former CFO Transitioning to Pursue CEO Role – – Company Welcomes Proven Finance Executive with Background in High-Growth SaaS, Cybersecurity and Networking – – Mark Donohue to join from Vestmark, Rapid7, Cisco and Starent Networks – Evolv Technology (NASDAQ:EVLV), a global leader in weapons detection security screening, today announced the appointment of Mr. Mark Donohue to the position of Chief Financial Officer, effective June 1, 2022. Mr. Donohue will succeed Mr. Mario Ramos, who has accepted a role as CEO at a privately held financial services company. Mr. Ramos will continue in his current role until May 31, 2022 to ensure a smooth transition. Mr. Donohue will assume global respo
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NEW YORK, Feb. 21, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) today reported results for the fourth quarter and fiscal year ended December 31, 2022. Highlights from the earnings announcement include: Net income (loss) of ($86.7) million or ($1.00) per diluted common share in Q4 '22, and $397.8 million or $4.92 per diluted common share for FY '22Adjusted earnings (losses) of ($79.9) million or ($0.92) per diluted common share in Q4 '22, and $522.0 million or $6.25 per diluted common share for FY '22$150 million of proceeds from asset sales and loan repayments in Q4 '22 and post quarter-end1$192 million special dividend paid in the form of 6.6 million Safehold sharesSafehold closed 26 ground
NEW YORK, Feb. 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Preferred Stock for the first quarter of 2023. The dividends are all payable on March 15, 2023 to holders of record on March 1, 2023. Series of Stock Liquidation Preference Dividend Per Share 8.00% Series D Preferred Stock $25.00 $0.50 7.65% Series G Preferred Stock $25.00 $0.478125 7.50% Series I Preferred Stock $25.00 $0.46875 * * * iStar Inc. (NYSE:STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficien
NEW YORK, Feb. 2, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2022 on Tuesday, February 21, 2023, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. The dial-in information for the live call is: Dial-in: 877.545.0320 International: 973.528.0002 Access Code: 420354 A replay of the call will be archived on the Company's website. Alternati
NEW YORK, Jan. 12, 2023 /PRNewswire/ -- iStar (NYSE:STAR) announced today the tax treatment of its 2022 common and preferred stock dividends. iStar is designating all dividends paid in 2022 as Capital Gain Distributions pursuant to Internal Revenue Code section 857(b)(3)(B). The entire capital gain distribution was paid from long-term capital gains from the sales of shares in domestically controlled real estate investment trusts. Accordingly, none constitutes Unrecaptured Section 1250 gain or Section 897 gain. iStar Common Stock NYSE: STARCUSIP: 45031U-101 Record Date Payment Date Distributionper Share OrdinaryIncome Capital GainDistribution Treas. Reg.§ 1.1061-6(c)One-YearAmount Treas. Reg.
NEW YORK, Nov. 29, 2022 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today the specific terms for its previously announced special dividend. The company will pay a one-time non-cash dividend of 6.64 million shares of Safehold (NYSE:SAFE), which equates to 0.07655 shares of SAFE for each share of iStar common stock outstanding. No fractional shares of SAFE common stock will be issued in connection with the special dividend, and instead Company stockholders will receive cash in lieu of any fractional shares. The dividend will be paid on a pro rata basis on December 7, 2022 to shareholders of record as of the close of business on December 1, 2022. * * * iStar Inc. (NYSE:STAR) is fo
Declares special common stock dividend payable in shares of Safehold common stockDeclares regular quarterly cash dividends on preferred stockSuspends regularly quarterly common stock dividends pending completion of the merger with Safehold Inc.NEW YORK, Nov. 21, 2022 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced several dividend actions recently approved by its Board of Directors. Special DividendOn November 21, 2022, the Company's Board of Directors declared a one-time special dividend payable to the Company's common stockholders of Safehold ("SAFE") common stock valued at approximately $190 million, but subject to a maximum aggregate distribution limit of 7.6 million SAFE shares and a m
NEW YORK, Nov. 3, 2022 /PRNewswire/ -- iStar Inc. (NYSE:STAR) today reported results for the third quarter ended September 30, 2022. Highlights for the quarter include: Net income of $12.1 million or $0.14 per diluted common shareAdjusted earnings of $28.5 million or $0.33 per diluted common shareDuring the quarter, extinguished $155 million of debt including $93 million of convertible notes and $62 million of open market bond repurchases$105 million of proceeds from legacy asset sales and loan repaymentsSafehold closed $284 million1 of new originations, bringing Safehold's total aggregate portfolio to $6.1 billion and total UCA to approximately $10.5 billion"iStar continues to focus on stre
NEW YORK, Oct. 26, 2022 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today that it will release its financial results for the third quarter 2022 on Thursday, November 3, 2022, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. The dial-in information for the live call is: Dial-in: 877.545.0523 International: 973.528.0016 Access Code: 923085 A replay of the call will be archived on the Company's website. Alternatively, the replay
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Common Stock and Preferred Stock for the third quarter of 2022. The dividends are all payable on September 15, 2022 to holders of record on September 1, 2022. Series of Stock Liquidation Preference DividendPer Share Common Stock (STAR) N/A $0.125 8.00% Series D Preferred Stock $25.00 $0.50 7.65% Series G Preferred Stock $25.00 $0.478125 7.50% Series I Preferred Stock $25.00 $0.46875 * * * iStar Inc. (NYSE:STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners
MSD Partners to Make Strategic Investments in Both Safehold and Caret NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Safehold Inc. (NYSE:SAFE) and iStar Inc. (NYSE:STAR) jointly announced today that the two companies have entered into a definitive agreement for a tax-free, strategic combination that will accelerate Safehold's market leadership in the ground lease industry and make Safehold the only internally-managed, pure-play ground lease company in the public markets. Transaction Overview Internalization of manager: Under the terms of the transaction Safehold will internalize iStar's management team / intellectual property, replacing Safehold's external management structure. As part of the comb
iStar Inc. (NYSE:STAR) announced today the final consolidation ratio that will be used in the reverse split of iStar common stock that will occur immediately prior to the effective time of the merger of iStar and Safehold ("Safe"). In the reverse stock split, each share of iStar common stock outstanding will be consolidated into 0.160 shares of iStar common stock (the "Star share consolidation ratio"). Immediately thereafter, Safe will merge with and into iStar, with iStar as the surviving corporation and operating under the name Safehold Inc. ("New Safehold"), and each outstanding share of Safe common stock will be converted into one share of common stock of New Safehold. The consolidate
On March 28, N-Able, Inc (NYSE:NABL) disclosed that it would replace iStar Inc (NYSE:STAR) in the S&P SmallCap 600 effective before trading on Monday, April 3. S&P SmallCap 600 constituent Safehold Inc (NYSE:SAFE) is acquiring iStar effective before the opening of trading on March 31. Immediately before its acquisition by Safehold, iStar will distribute shares in Star Holdings (NASDAQ:STHOV). Star Holdings is not eligible for the S&P SmallCap 600 following the spin-off transaction as it does not represent the small-cap market space. In February, N-Able reported fourth-quarter revenue growth of 7% year-on-year to $95.8 million, beating the consensus of $93.6 million. Subscription reve
Gainers Loyalty Ventures Inc. (NASDAQ:LYLT) gained 121.1% to $0.19. Shares of companies in the broader communication, media & entertainment industry traded higher as stocks rebound from recent weakness stemming from instability concerns in the financial sector, which could impact future Fed policy. Gelesis Holdings, Inc. (NYSE:GLS) gained 82.7% to $0.2010. Allarity Therapeutics, Inc. (NASDAQ:ALLR) gained 72.5% to $0.1812 after the company said it dosed the first patient in its trial studying advanced solid tumors. Ambipar Emergency Response (NYSE:AMBI) shares climbed 60.5% to $13.18. Lifecore Biomedical, Inc. (NASDAQ:LFCR) gained 60% to $2.67. Lifecore Biomedical, on Friday, reported
U.S. stocks traded mostly higher, with the Dow Jones gaining more than 300 points on Monday. Here are some big stocks recording gains in today’s session. Ambipar Emergency Response (NYSE:AMBI) shares jumped 47.8% to $12.14. New York Community Bancorp, Inc. (NASDAQ:NYCB) gained 40% to $9.18 after the Federal Deposit Insurance Corporation (FDIC) announced NYCB subsidiary Flagstar Bank entered into a purchase agreement for Signature Bridge Bank. Multiple analysts upgraded the stock in the wake of the announcement. PacWest Bancorp (NASDAQ:PACW) gained 19.9% to $ 11.12 after the company provided an update on its liquidity position. Allego N.V. (NYSE:ALLG) jumped 15% to $ 2.81. OSI Systems,
U.S. stocks traded mixed midway through trading, with the Dow Jones dropping more than 100 points on Wednesday. The Dow traded down 0.37% to 32,733.54 while the NASDAQ rose 0.15% to 11,547.91. The S&P 500 also fell, dropping, 0.02% to 3,985.60. Check This Out: This Analyst With 88% Accuracy Rate Sees Over 20% Upside In Marvell Technology - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts Leading and Lagging Sectors Real estate shares rose by 1.3% on Wednesday. Meanwhile, top gainers in the sector included WeWork Inc. (NYSE:WE), up 8%, and iStar Inc. (NYSE:STAR), up 3%. In trading on Wednesday, consumer discretionary shares dipped by 0.6%. Top Headlin
Companies Reporting Before The Bell • Sohu.com (NASDAQ:SOHU) is likely to report earnings for its fourth quarter. • Adtran (NASDAQ:ADTN) is estimated to report quarterly earnings at $0.16 per share on revenue of $366.69 million. • Dillard's (NYSE:DDS) is estimated to report quarterly earnings at $11.60 per share on revenue of $2.14 billion. • Diamondrock Hospitality (NYSE:DRH) is estimated to report quarterly earnings at $0.11 per share on revenue of $250.54 million. • Navios Maritime Partners (NYSE:NMM) is likely to report quarterly earnings at $5.34 per share on revenue of $382.55 million. • NexPoint Residential (NYSE:NXRT) is projected to report earnings for its fourth quarter. • T
iStar (NYSE:STAR) reported quarterly adjusted losses of $(0.92) per share which missed the analyst consensus estimate of $(0.05) by 1740 percent. This is a 205.75 percent decrease over earnings of $0.87 per share from the same period last year.
iStar (NYSE:STAR) is set to give its latest quarterly earnings report on Tuesday, 2023-02-21. Here's what investors need to know before the announcement. Analysts estimate that iStar will report an earnings per share (EPS) of $-0.05. iStar bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.29, which was followed by a 2.17% increase in the share price the next d