Arkadios Wealth Advisors Has $228,000 Holdings in Peakstone Realty Trust (NYSE:PKST)

Arkadios Wealth Advisors boosted its stake in Peakstone Realty Trust (NYSE:PKST) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,759 shares of the company’s stock after buying an additional 1,661 shares during the quarter. Arkadios Wealth Advisors’ holdings in Peakstone Realty Trust were worth $228,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tsfg LLC grew its holdings in shares of Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Peakstone Realty Trust during the second quarter worth about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Peakstone Realty Trust during the first quarter worth approximately $48,000. Fortis Group Advisors LLC boosted its holdings in shares of Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after acquiring an additional 970 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in Peakstone Realty Trust during the 2nd quarter worth approximately $108,000. 38.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their price objective on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st.

Peakstone Realty Trust Trading Down 0.9 %

PKST opened at $13.12 on Friday. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The stock has a market capitalization of $476.33 million, a PE ratio of -0.84 and a beta of 2.63. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $13.76 and a two-hundred day moving average price of $13.04.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is currently -5.79%.

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.