4,689 Shares in Peakstone Realty Trust (NYSE:PKST) Purchased by Bellwether Advisors LLC

Bellwether Advisors LLC purchased a new position in shares of Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,689 shares of the company’s stock, valued at approximately $52,000.

A number of other hedge funds have also bought and sold shares of PKST. Barclays PLC increased its position in Peakstone Realty Trust by 318.6% during the third quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after acquiring an additional 42,681 shares during the period. Geode Capital Management LLC increased its position in Peakstone Realty Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after acquiring an additional 10,722 shares during the period. JPMorgan Chase & Co. increased its position in Peakstone Realty Trust by 106.2% during the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after acquiring an additional 65,137 shares during the period. ARS Investment Partners LLC acquired a new stake in Peakstone Realty Trust during the fourth quarter worth about $299,000. Finally, Clear Harbor Asset Management LLC grew its stake in Peakstone Realty Trust by 125.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 72,888 shares of the company’s stock worth $807,000 after buying an additional 40,626 shares in the last quarter. 38.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PKST shares. UBS Group started coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 price objective on the stock. 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 research note on Monday, March 24th.

Peakstone Realty Trust Price Performance

PKST stock opened at $11.94 on Tuesday. The stock has a market cap of $438.85 million, a price-to-earnings ratio of -42.64 and a beta of 1.70. 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 simple moving average of $11.94 and a 200 day simple moving average of $12.05. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.26.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $54.68 million. Research analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend was Monday, March 31st. Peakstone Realty Trust’s payout ratio is -321.43%.

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.