|Bid||45.11 x 900|
|Ask||59.61 x 1000|
|Day's Range||45.10 - 48.23|
|52 Week Range||33.61 - 91.13|
|Beta (5Y Monthly)||0.22|
|PE Ratio (TTM)||36.57|
|Earnings Date||Apr 20, 2022 - Apr 25, 2022|
|Forward Dividend & Yield||0.71 (1.66%)|
|Ex-Dividend Date||Jun 29, 2022|
|1y Target Est||73.14|
Rating Action: Moody's places iStar's corporate family and senior unsecured ratings on review for upgradeGlobal Credit Research - 11 Aug 2022 New York, August 11, 2022 -- Moody's Investors Service ("Moody's") has placed iStar Inc.'s (iStar) Ba2 corporate family and senior unsecured ratings under review for upgrade. This follows the announcement by iStar and Safehold Inc. (Safehold, Baa1, positive) that they have entered into an agreement to combine in a tax-free transaction with the surviving entity having a strategic focus on the ground lease industry.
Rating Action: Moody's affirms Safehold's Baa1 rating and revises its outlook to positiveGlobal Credit Research - 11 Aug 2022 New York, August 11, 2022 -- Moody's Investors Service ("Moody's") has affirmed Safehold Inc.'s (Safehold) Baa1 issuer rating and Safehold Operating Partnership LP's Baa1 issuer and backed long-term senior unsecured ratings. Moody's has also revised the rating outlooks for both entities to positive from stable.
Shares of iStar Inc. rallied 8.3% in premarket trading Thursday, after the real estate investment trust and fellow REIT Safehold Inc. announced an agreement to combine, which Safehold says will make it the only publicly traded, pure-play ground lease company. Safehold's stock was still inactive in the premarket. Under terms of the deal, each iStar share will have an implied value of $18.39, or 7.7% above Wednesday's closing price of $17.08. That would value iStar at about $1.57 billion, which co