Sigma Planning Corp Purchases 26,085 Shares of Peakstone Realty Trust (NYSE:PKST)

Sigma Planning Corp boosted its position in Peakstone Realty Trust (NYSE:PKST) by 22.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 140,553 shares of the company’s stock after purchasing an additional 26,085 shares during the period. Sigma Planning Corp owned about 0.39% of Peakstone Realty Trust worth $1,916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in shares of Peakstone Realty Trust in the 3rd quarter worth about $30,000. Tsfg LLC raised its position in Peakstone Realty Trust by 43.0% in the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after acquiring an additional 882 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Peakstone Realty Trust in the first quarter valued at about $48,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Peakstone Realty Trust during the 2nd quarter valued at approximately $43,000. Finally, Fortis Group Advisors LLC increased its stake in shares of Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Trading Up 0.4 %

Shares of Peakstone Realty Trust stock opened at $13.94 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The stock has a market capitalization of $507.14 million, a P/E ratio of -11.81 and a beta of 2.57. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73. The stock’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.05.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is currently -76.27%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, August 21st.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust (NYSE: PKST) is an internally managed, real estate investment trust (REIT) that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties. These assets are generally leased to creditworthy tenants under long-term net lease agreements with contractual rent escalations.