Peakstone Realty Trust (NYSE:PKST) Stake Lessened by Cwm LLC

Cwm LLC lessened its stake in Peakstone Realty Trust (NYSE:PKST) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,753 shares of the company’s stock after selling 3,235 shares during the period. Cwm LLC owned about 0.24% of Peakstone Realty Trust worth $1,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Huntington National Bank bought a new stake in Peakstone Realty Trust during the third quarter valued at $26,000. Fortis Group Advisors LLC bought a new stake in Peakstone Realty Trust during the third quarter valued at $26,000. Allspring Global Investments Holdings LLC bought a new stake in Peakstone Realty Trust during the third quarter valued at $42,000. Sunbelt Securities Inc. increased its stake in Peakstone Realty Trust by 34.6% during the third quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after purchasing an additional 703 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Peakstone Realty Trust by 129.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,828 shares of the company’s stock valued at $56,000 after acquiring an additional 1,594 shares during the period. Institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Peakstone Realty Trust Trading Down 2.6 %

Shares of PKST opened at $14.36 on Friday. Peakstone Realty Trust has a 1 year low of $12.10 and a 1 year high of $39.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.89 and a quick ratio of 5.89. The firm has a fifty day moving average of $14.63 and a 200-day moving average of $15.67.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($1.20). The firm had revenue of $63.06 million for the quarter, compared to analyst estimates of $62.07 million. Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. Equities analysts forecast that Peakstone Realty Trust will post 3.03 earnings per share for the current year.

Peakstone Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.27%. The ex-dividend date was Wednesday, March 27th. Peakstone Realty Trust’s payout ratio is currently -5.80%.

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.