Peakstone Realty Trust (NYSE:PKST) Given New $15.00 Price Target at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its price target boosted by Truist Financial from $13.00 to $15.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Peakstone Realty Trust Stock Down 1.8 %

Peakstone Realty Trust stock opened at $12.74 on Tuesday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average price is $13.83 and its two-hundred day moving average price is $13.04. The firm has a market capitalization of $463.48 million, a price-to-earnings ratio of -10.80 and a beta of 2.57. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in Peakstone Realty Trust in the 3rd quarter worth approximately $30,000. Tsfg LLC lifted its position in shares of Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Peakstone Realty Trust during the 1st quarter valued at about $48,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Peakstone Realty Trust during the second quarter valued at about $43,000. Finally, Fortis Group Advisors LLC raised its stake in Peakstone Realty Trust by 18.3% in the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after buying an additional 970 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

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.