Luken Investment Analytics LLC Sells 807 Shares of Peakstone Realty Trust (NYSE:PKST)

Luken Investment Analytics LLC decreased its position in shares of Peakstone Realty Trust (NYSE:PKST) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,309 shares of the company’s stock after selling 807 shares during the period. Luken Investment Analytics LLC’s holdings in Peakstone Realty Trust were worth $290,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PKST. Commonwealth Equity Services LLC increased its stake in shares of Peakstone Realty Trust by 0.7% in the first quarter. Commonwealth Equity Services LLC now owns 114,417 shares of the company’s stock worth $1,846,000 after purchasing an additional 768 shares in the last quarter. Tsfg LLC raised its holdings in Peakstone Realty Trust by 43.0% during the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock valued at $31,000 after acquiring an additional 882 shares during the period. Fortis Group Advisors LLC lifted its position in shares of Peakstone Realty Trust by 18.3% in the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after acquiring an additional 970 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Peakstone Realty Trust by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock worth $149,000 after acquiring an additional 1,089 shares during the period. Finally, Accel Wealth Management grew its position in shares of Peakstone Realty Trust by 13.0% during the second quarter. Accel Wealth Management now owns 11,914 shares of the company’s stock worth $126,000 after purchasing an additional 1,373 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st.

Peakstone Realty Trust Price Performance

PKST traded down $0.08 during trading on Friday, hitting $13.04. 138,262 shares of the company traded hands, compared to its average volume of 154,763. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 1.19. The company has a market cap of $474.34 million, a PE ratio of -11.03 and a beta of 2.63. The stock’s 50-day simple moving average is $13.76 and its two-hundred day simple moving average is $13.03. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.90%. Peakstone Realty Trust’s payout ratio is -76.27%.

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.