Peakstone Realty Trust (NYSE:PKST) Sets New 1-Year High – Here’s What Happened

Peakstone Realty Trust (NYSE:PKST)’s stock price reached a new 52-week high on Friday . The stock traded as high as $20.97 and last traded at $20.9650, with a volume of 493011 shares trading hands. The stock had previously closed at $20.95.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group lowered Peakstone Realty Trust from a “buy” rating to a “neutral” rating and upped their price target for the company from $17.00 to $21.00 in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Peakstone Realty Trust in a research report on Thursday, January 22nd. Finally, Truist Financial lowered Peakstone Realty Trust from a “buy” rating to a “hold” rating and upped their price target for the company from $19.00 to $21.00 in a research report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $21.00.

Peakstone Realty Trust Stock Up 0.1%

The business has a 50 day simple moving average of $20.87 and a 200 day simple moving average of $16.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.83 and a quick ratio of 2.83. The stock has a market cap of $779.48 million, a PE ratio of -2.50 and a beta of 1.33.

Peakstone Realty Trust (NYSE:PKST) last issued its earnings results on Wednesday, February 18th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.66). Peakstone Realty Trust had a negative net margin of 189.03% and a negative return on equity of 39.44%. The firm had revenue of $25.99 million during the quarter, compared to analysts’ expectations of $28.57 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. grew its stake in Peakstone Realty Trust by 2,542.3% in the third quarter. Assetmark Inc. now owns 1,876 shares of the company’s stock valued at $25,000 after purchasing an additional 1,805 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Peakstone Realty Trust by 101.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock worth $26,000 after acquiring an additional 1,007 shares in the last quarter. Financial Life Planners bought a new stake in shares of Peakstone Realty Trust during the 3rd quarter worth about $44,000. Versant Capital Management Inc boosted its stake in shares of Peakstone Realty Trust by 1,588.6% during the 3rd quarter. Versant Capital Management Inc now owns 3,546 shares of the company’s stock worth $47,000 after acquiring an additional 3,336 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Peakstone Realty Trust by 209.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the company’s stock worth $50,000 after acquiring an additional 2,551 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust, Inc (NYSE: PKST) is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.