Creekmur Asset Management LLC Has $216,000 Position in Peakstone Realty Trust (NYSE:PKST)

Creekmur Asset Management LLC lessened its position in Peakstone Realty Trust (NYSE:PKST) by 48.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,404 shares of the company’s stock after selling 12,535 shares during the quarter. Creekmur Asset Management LLC’s holdings in Peakstone Realty Trust were worth $216,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bare Financial Services Inc bought a new stake in Peakstone Realty Trust during the 4th quarter worth about $29,000. Tsfg LLC raised its holdings in Peakstone Realty Trust by 128.1% during the first quarter. Tsfg LLC now owns 2,051 shares of the company’s stock worth $33,000 after acquiring an additional 1,152 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Peakstone Realty Trust during the first quarter valued at approximately $48,000. ICA Group Wealth Management LLC acquired a new position in Peakstone Realty Trust during the fourth quarter valued at approximately $63,000. Finally, Newbridge Financial Services Group Inc. grew its stake in Peakstone Realty Trust by 168.8% in the first quarter. Newbridge Financial Services Group Inc. now owns 6,950 shares of the company’s stock valued at $112,000 after purchasing an additional 4,364 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

NYSE PKST traded down $0.27 on Wednesday, hitting $13.58. 176,293 shares of the stock were exchanged, compared to its average volume of 161,916. The business’s fifty day moving average is $12.10 and its 200 day moving average is $13.79. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $25.71. The company has a market capitalization of $493.09 million, a PE ratio of -0.87 and a beta of 2.76. The company has a debt-to-equity ratio of 1.18, a current ratio of 7.90 and a quick ratio of 7.90.

Peakstone Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Friday, June 28th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.63%. Peakstone Realty Trust’s payout ratio is -5.79%.

Analyst Ratings Changes

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

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.