iStar Inc (STAR)

When KKR and Apollo sell a stock it should be a huge red flag to investors to consider following suit.

In trading on Wednesday, shares of iStar Inc's 7 7/8% Series E Cumulative Redeemable Preferred Stock were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $24.60 on the day. This compares to an average yield of 7.42% in the "REITs" preferred stock category, according to Preferred Stock Channel.

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In trading on Monday, shares of iStar Inc's 7.8% Series F Cumulative Redeemable Preferred Stock were yielding above the 8% mark based on its quarterly dividend (annualized to $1.95), with shares changing hands as low as $24.37 on the day. This compares to an average yield of 7.47% in the "REITs" preferred stock category, according to Preferred Stock Channel.

In trading on Thursday, shares of iStar Inc crossed above their 200 day moving average of $10.38, changing hands as high as $11.03 per share. iStar Inc shares are currently trading up about 7.1% on the day.

In trading on Tuesday, shares of iStar Inc's 7.65% Series G Cumulative Redeemable Preferred Stock were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9125), with shares changing hands as low as $22.47 on the day. This compares to an average yield of 7.79% in the "REITs" preferred stock category, according to Preferred Stock Channel.

In trading on Wednesday, shares of iStar Inc's 7.50% Series I Cumulative Redeemable Preferred Stock were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $22.01 on the day. This compares to an average yield of 7.89% in the "REITs" preferred stock category, according to Preferred Stock Channel.

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In trading on Friday, shares of iStar Inc's 7 7/8% Series E Cumulative Redeemable Preferred Stock were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $21.69 on the day. This compares to an average yield of 8.43% in the "REITs" preferred stock category, according to Preferred Stock Channel.

In trading on Monday, shares of iStar Inc's 7.8% Series F Cumulative Redeemable Preferred Stock were yielding above the 9% mark based on its quarterly dividend (annualized to $1.95), with shares changing hands as low as $21.33 on the day. This compares to an average yield of 7.93% in the "REITs" preferred stock category, according to Preferred Stock Channel.

These stocks trading for less than $10 a share are within range of triggering big breakout trades.

Investors in iStar Inc saw new options become available today, for the May 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the STAR options chain for the new May 20th contracts and identified the following put contract of particular interest.

In trading on Friday, shares of iStar Inc's 7.65% Series G Cumulative Redeemable Preferred Stock were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9125), with shares changing hands as low as $21.19 on the day. This compares to an average yield of 8.64% in the "REITs" preferred stock category, according to Preferred Stock Channel.

The most recent short interest data has been released by the NASDAQ for the 03/01/2016 settlement date, which shows a 1,444,698 share decrease in total short interest for iStar Inc , to 8,209,865, a decrease of 14.96% since 02/12/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in iStar Inc , where a total volume of 5,264 contracts has been traded thus far today, a contract volume which is representative of approximately 526,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.2% of STAR's average daily trading volume over the past month, of 1.1 million shares.

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On 2/26/16, iStar Inc's 7.65% Series G Cumulative Redeemable Preferred Stock will trade ex-dividend, for its quarterly dividend of $0.4781, payable on 3/15/16. As a percentage of STAR.

Investors in iStar Inc saw new options become available this week, for the October 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

Fourth quarter 2015 adjusted income expected to be $0.32 - $0.36 per diluted common share.

The most recent short interest data has been released by the NASDAQ for the 01/29/2016 settlement date, which shows a 1,148,280 share decrease in total short interest for iStar Inc , to 9,885,043, a decrease of 10.41% since 01/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.