Peakstone Realty Trust (NYSE:PKST) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 61.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,407 shares of the company’s stock after selling 47,910 shares during the period. Sigma Planning Corp’s holdings in Peakstone Realty Trust were worth $606,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Peakstone Realty Trust during the third quarter valued at $272,000. State of Alaska Department of Revenue grew its holdings in shares of Peakstone Realty Trust by 31.5% during the third quarter. State of Alaska Department of Revenue now owns 17,123 shares of the company’s stock valued at $284,000 after buying an additional 4,103 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Peakstone Realty Trust by 55,855.0% during the third quarter. Asset Management One Co. Ltd. now owns 55,955 shares of the company’s stock valued at $931,000 after buying an additional 55,855 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Peakstone Realty Trust by 3.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 324,232 shares of the company’s stock valued at $5,395,000 after buying an additional 12,177 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Peakstone Realty Trust by 16.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,231 shares of the company’s stock valued at $187,000 after buying an additional 1,554 shares during the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $14.74 on Thursday. Peakstone Realty Trust has a one year low of $12.10 and a one year high of $39.91. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average is $14.65 and its two-hundred day moving average is $15.68.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of $0.65 by ($1.20). Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. The business had revenue of $63.06 million during the quarter, compared to analysts’ expectations of $62.07 million. As a group, equities analysts forecast that Peakstone Realty Trust will post 3.03 EPS for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, March 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Peakstone Realty Trust’s payout ratio is -5.80%.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price objective on shares of Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th.

About Peakstone Realty Trust

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.