Markets

iStar (STAR) Catches Eye: Stock Jumps 5.4%

iStar Inc. STAR was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.66 to $9.59 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

iStar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

iStar Financial Inc. Price

iStar Financial Inc. Price

iStar Financial Inc. price | iStar Financial Inc. Quote

Investors interested in the REIT and Equity Trust industry may consider a better-ranked stock like Apollo Commercial Real Estate Finance ARI, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
Is STAR going up? Or down? Predict to see what others think:Up or Down

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Apollo Commercial Real Estate Finance (ARI): Free Stock Analysis Report

iStar Financial Inc. (STAR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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