Truist Financial Forecasts Strong Price Appreciation for Peakstone Realty Trust (NYSE:PKST) Stock

Peakstone Realty Trust (NYSE:PKST) had its price target lifted by Truist Financial from $13.00 to $15.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 19.62% from the stock’s previous close.

Separately, UBS Group assumed coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They issued a “buy” rating and a $15.00 price objective on the stock.

Peakstone Realty Trust Price Performance

Shares of NYSE PKST opened at $12.54 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The company has a market cap of $460.91 million, a price-to-earnings ratio of -44.78 and a beta of 2.41. The stock’s 50-day moving average is $11.31 and its two-hundred day moving average is $12.42. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86.

Peakstone Realty Trust (NYSE:PKST) last released its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. The firm had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million. Analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Peakstone Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKST. Centaurus Financial Inc. lifted its position in shares of Peakstone Realty Trust by 1.0% during the 4th quarter. Centaurus Financial Inc. now owns 1,266,376 shares of the company’s stock worth $14,019,000 after buying an additional 13,153 shares during the last quarter. Geode Capital Management LLC raised its stake in Peakstone Realty Trust by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 929,777 shares of the company’s stock worth $10,295,000 after acquiring an additional 7,139 shares in the last quarter. Invesco Ltd. lifted its position in Peakstone Realty Trust by 458.1% in the fourth quarter. Invesco Ltd. now owns 675,048 shares of the company’s stock valued at $7,473,000 after acquiring an additional 554,091 shares during the last quarter. Northern Trust Corp boosted its stake in Peakstone Realty Trust by 16.4% in the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company’s stock valued at $4,101,000 after acquiring an additional 52,119 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Peakstone Realty Trust by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company’s stock worth $4,023,000 after purchasing an additional 12,403 shares during the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.

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.