Peakstone Realty Trust (NYSE:PKST) Price Target Raised to $15.00 at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its target price lifted by Truist Financial from $13.00 to $15.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 13.97% from the stock’s current price.

Separately, 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.

Peakstone Realty Trust Trading Up 4.7 %

Shares of PKST stock opened at $13.16 on Monday. The stock has a market cap of $483.73 million, a P/E ratio of -47.00 and a beta of 2.41. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. 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 stock has a 50 day simple moving average of $11.22 and a 200 day simple moving average of $12.42.

Peakstone Realty Trust (NYSE:PKST) last released its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.85. The firm had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. On average, research analysts predict that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peakstone Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pekin Hardy Strauss Inc. bought a new stake in shares of Peakstone Realty Trust during the 3rd quarter worth $483,000. Daiwa Securities Group Inc. raised its stake in Peakstone Realty Trust by 10.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock worth $164,000 after acquiring an additional 1,148 shares in the last quarter. FMR LLC lifted its holdings in shares of Peakstone Realty Trust by 143.3% in the third quarter. FMR LLC now owns 8,982 shares of the company’s stock worth $122,000 after acquiring an additional 5,290 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Peakstone Realty Trust by 42.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,875 shares of the company’s stock valued at $666,000 after purchasing an additional 14,676 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Peakstone Realty Trust during the 3rd quarter valued at approximately $170,000. Institutional investors own 38.98% of the company’s stock.

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.