Peakstone Realty Trust (NYSE:PKST) Trading 5.6% Higher

Peakstone Realty Trust (NYSE:PKST) shares traded up 5.6% during mid-day trading on Wednesday . The company traded as high as $14.65 and last traded at $14.64. 76,481 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 159,090 shares. The stock had previously closed at $13.86.

Analyst Ratings Changes

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

Peakstone Realty Trust Stock Performance

The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $14.62 and its two-hundred day moving average price is $15.66. The company has a market cap of $502.89 million and a P/E ratio of -0.89.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $63.06 million for the quarter, compared to analysts’ expectations of $62.07 million. As a group, equities analysts forecast that Peakstone Realty Trust will post 3.03 earnings per share for the current year.

Peakstone Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, March 29th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Peakstone Realty Trust’s dividend payout ratio is presently -5.80%.

Institutional Trading of Peakstone Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Peakstone Realty Trust by 4.7% in the third quarter. Vanguard Group Inc. now owns 1,823,509 shares of the company’s stock worth $30,343,000 after purchasing an additional 81,169 shares in the last quarter. Swiss National Bank bought a new position in Peakstone Realty Trust during the third quarter valued at approximately $1,316,000. Sigma Planning Corp bought a new position in Peakstone Realty Trust during the third quarter valued at approximately $1,303,000. LPL Financial LLC raised its position in Peakstone Realty Trust by 33.5% during the third quarter. LPL Financial LLC now owns 266,588 shares of the company’s stock valued at $4,436,000 after acquiring an additional 66,940 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in 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 acquiring an additional 55,855 shares in the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

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.