Peakstone Realty Trust (NYSE:PKST) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of Peakstone Realty Trust (NYSE:PKST) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,855 shares of the company’s stock after purchasing an additional 18,212 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Peakstone Realty Trust were worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PKST. Geode Capital Management LLC lifted its holdings in shares of Peakstone Realty Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after purchasing an additional 10,722 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Peakstone Realty Trust by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company’s stock worth $4,023,000 after buying an additional 12,403 shares during the period. Sigma Planning Corp increased its position in Peakstone Realty Trust by 3.0% in the fourth quarter. Sigma Planning Corp now owns 144,713 shares of the company’s stock worth $1,602,000 after buying an additional 4,160 shares during the period. JPMorgan Chase & Co. lifted its stake in Peakstone Realty Trust by 106.2% in the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock valued at $1,724,000 after buying an additional 65,137 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Peakstone Realty Trust by 83.6% during the third quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock valued at $1,236,000 after acquiring an additional 41,313 shares during the period. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Down 1.5 %

Shares of Peakstone Realty Trust stock opened at $12.46 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. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.26. The business’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $12.40. The company has a market capitalization of $458.08 million, a P/E ratio of -44.51 and a beta of 2.41.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.85. The business had revenue of $57.93 million for the quarter, compared to analysts’ expectations of $54.68 million. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. As a group, research analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio is currently -321.43%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PKST. Truist Financial increased their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, March 24th. UBS Group initiated coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 price target on the stock.

About Peakstone Realty Trust

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.