STAR Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.63|
|52 Week High||US$27.75|
|52 Week Low||US$10.25|
|1 Month Change||-31.06%|
|3 Month Change||-24.34%|
|1 Year Change||-57.88%|
|3 Year Change||-18.61%|
|5 Year Change||-9.92%|
|Change since IPO||-90.74%|
Recent News & Updates
iStar declares $0.125 dividend
iStar (NYSE:STAR) declares $0.125/share quarterly dividend, in line with previous. Forward yield 3.02% Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 31. See STAR Dividend Scorecard, Yield Chart, & Dividend Growth.
|STAR||US REITs||US Market|
Return vs Industry: STAR underperformed the US REITs industry which returned -18.4% over the past year.
Return vs Market: STAR underperformed the US Market which returned -21.6% over the past year.
|STAR Average Weekly Movement||6.1%|
|REITs Industry Average Movement||3.7%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: STAR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: STAR's weekly volatility (6%) has been stable over the past year.
About the Company
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.
iStar Fundamentals Summary
|STAR fundamental statistics|
Is STAR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|STAR income statement (TTM)|
|Cost of Revenue||US$219.95m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.04|
|Net Profit Margin||-24.22%|
How did STAR perform over the long term?See historical performance and comparison
4.7%Current Dividend Yield
Is STAR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for STAR?
Other financial metrics that can be useful for relative valuation.
|What is STAR's n/a Ratio?|
Price to Sales Ratio vs Peers
How does STAR's PS Ratio compare to its peers?
|STAR PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
ALEX Alexander & Baldwin
AHH Armada Hoffler Properties
ESBA Empire State Realty OP
ESRT Empire State Realty Trust
Price-To-Sales vs Peers: STAR is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (2.5x).
Price to Earnings Ratio vs Industry
How does STAR's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Sales vs Industry: STAR is good value based on its Price-To-Sales Ratio (2.5x) compared to the US REITs industry average (5x)
Price to Sales Ratio vs Fair Ratio
What is STAR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||2.5x|
|Fair PS Ratio||1.3x|
Price-To-Sales vs Fair Ratio: STAR is expensive based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).
Share Price vs Fair Value
What is the Fair Price of STAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: STAR ($10.63) is trading below our estimate of fair value ($84.22)
Significantly Below Fair Value: STAR is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is iStar forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STAR's earnings are forecast to decline over the next 3 years (-20.5% per year).
Earnings vs Market: STAR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: STAR is expected to become profitable in the next 3 years.
Revenue vs Market: STAR's revenue is expected to decline over the next 3 years (-16.6% per year).
High Growth Revenue: STAR's revenue is forecast to decline over the next 3 years (-16.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if STAR's Return on Equity is forecast to be high in 3 years time
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How has iStar performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STAR is currently unprofitable.
Growing Profit Margin: STAR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: STAR is unprofitable, and losses have increased over the past 5 years at a rate of 22.5% per year.
Accelerating Growth: Unable to compare STAR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: STAR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (45.8%).
Return on Equity
High ROE: STAR has a negative Return on Equity (-4.08%), as it is currently unprofitable.
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How is iStar's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: STAR's short term assets ($1.5B) exceed its short term liabilities ($109.2M).
Long Term Liabilities: STAR's short term assets ($1.5B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: STAR's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: STAR's debt to equity ratio has reduced from 289% to 112.4% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable STAR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: STAR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 22.1% per year.
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What is iStar current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STAR's dividend (4.7%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: STAR's dividend (4.7%) is in the top 25% of dividend payers in the US market (4.45%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, STAR has been paying a dividend for less than 10 years.
Growing Dividend: STAR's dividend payments have increased, but the company has only paid a dividend for 4 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (116%), STAR's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (83%), STAR's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Sugarman (59 yo)
Mr. Jay S. Sugarman has been the Executive Chairman of the Board and Chief Executive Officer of iStar Inc. since founded in 1997. Mr. Sugarman serves as Chief Executive Officer of iStar Marlin LLC. He has...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD2.33M) is below average for companies of similar size in the US market ($USD4.08M).
Compensation vs Earnings: Jay's compensation has increased whilst the company is unprofitable.
Experienced Management: STAR's management team is considered experienced (4.6 years average tenure).
Experienced Board: STAR's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.5%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
iStar Inc.'s employee growth, exchange listings and data sources
- Name: iStar Inc.
- Ticker: STAR
- Exchange: NYSE
- Founded: 1993
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$918.147m
- Shares outstanding: 86.37m
- Website: https://www.istar.com
Number of Employees
- iStar Inc.
- 1114 Avenue of the Americas
- 39th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|STAR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 1989|
|OLZ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1989|
|STAR.PRD||NYSE (New York Stock Exchange)||PFD SER D||US||USD||Oct 1997|
|STAR.PRG||NYSE (New York Stock Exchange)||PFD G 7.65%||US||USD||Dec 2003|
|STAR.PRI||NYSE (New York Stock Exchange)||PFD SER I||US||USD||Feb 2004|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/23 00:00|
|End of Day Share Price||2022/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.