Prime Capital Investment Advisors LLC Has $328,000 Position in Peakstone Realty Trust (NYSE:PKST)

Prime Capital Investment Advisors LLC trimmed its stake in Peakstone Realty Trust (NYSE:PKST) by 24.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,052 shares of the company’s stock after selling 7,897 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.07% of Peakstone Realty Trust worth $328,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PKST. Vanguard Group Inc. boosted its position in shares of Peakstone Realty Trust by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock worth $58,364,000 after purchasing an additional 46,436 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in Peakstone Realty Trust by 55.6% in the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock worth $12,757,000 after acquiring an additional 429,983 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Peakstone Realty Trust by 19.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock valued at $3,252,000 after acquiring an additional 51,025 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Peakstone Realty Trust by 1,600.9% during the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after acquiring an additional 175,008 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Peakstone Realty Trust by 14.8% during the second quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company’s stock valued at $1,750,000 after acquiring an additional 21,333 shares in the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Down 1.8 %

Shares of NYSE PKST opened at $12.74 on Friday. 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 50-day moving average price of $13.81 and a 200-day moving average price of $13.03. The stock has a market capitalization of $463.48 million, a P/E ratio of -10.80 and a beta of 2.57. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.225 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 dividend on an annualized basis and a yield of 7.06%. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -76.27%.

Analyst Ratings Changes

Separately, Truist Financial increased their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th.

Peakstone Realty Trust 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.