Peakstone Realty Trust (PKST) to Release Earnings on Tuesday

Peakstone Realty Trust (NYSE:PKST) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings data 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). Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. The company had revenue of $63.06 million for the quarter, compared to analyst estimates of $62.07 million. On average, analysts expect Peakstone Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peakstone Realty Trust Stock Performance

Shares of PKST opened at $13.87 on Monday. The company has a 50-day moving average of $14.61 and a two-hundred day moving average of $15.63. The stock has a market cap of $503.62 million and a price-to-earnings ratio of -0.89. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.89 and a quick ratio of 5.89. Peakstone Realty Trust has a one year low of $12.10 and a one year high of $39.91.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Wednesday, March 27th. Peakstone Realty Trust’s dividend payout ratio is -5.80%.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating for the company 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.