Quantbot Technologies LP Makes New Investment in Peakstone Realty Trust (NYSE:PKST)

Quantbot Technologies LP purchased a new stake in Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 8,075 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in Peakstone Realty Trust by 318.6% in the 3rd quarter. Barclays PLC now owns 56,078 shares of the company’s stock valued at $764,000 after acquiring an additional 42,681 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 65,137 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Peakstone Realty Trust by 1.2% in the third 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 in the last quarter. Jane Street Group LLC boosted its holdings in Peakstone Realty Trust by 83.6% during the third quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock worth $1,236,000 after purchasing an additional 41,313 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Peakstone Realty Trust during the fourth quarter worth $144,000. 38.98% of the stock is owned by institutional investors and hedge funds.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $12.60 on Tuesday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $12.39. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.26. The stock has a market capitalization of $462.93 million, a PE ratio of -44.98 and a beta of 2.41.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million. On average, research analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.90 annualized dividend and a yield of 7.15%. Peakstone Realty Trust’s dividend payout ratio is -321.43%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, March 24th. UBS Group started coverage on Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 target price 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.