FFG Retirement Advisors LLC Decreases Stock Position in Peakstone Realty Trust (NYSE:PKST)

FFG Retirement Advisors LLC lowered its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,497 shares of the company’s stock after selling 1,618 shares during the quarter. FFG Retirement Advisors LLC’s holdings in Peakstone Realty Trust were worth $138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Peakstone Realty Trust by 102.3% in the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock worth $1,154,000 after acquiring an additional 55,071 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Peakstone Realty Trust by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock worth $149,000 after purchasing an additional 1,089 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Peakstone Realty Trust during the second quarter valued at $234,000. Centaurus Financial Inc. boosted its holdings in Peakstone Realty Trust by 55.6% in the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock valued at $12,757,000 after purchasing an additional 429,983 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Peakstone Realty Trust during the 3rd quarter valued at about $188,000. 38.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PKST. Truist Financial raised their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. UBS Group began coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 target price for the company.

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $11.16 on Tuesday. The stock has a market capitalization of $406.07 million, a price-to-earnings ratio of -9.46 and a beta of 2.59. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $16.86. The stock has a 50-day moving average of $11.88 and a 200 day moving average of $12.90. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.34). Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%. The company had revenue of $54.96 million during the quarter, compared to analysts’ expectations of $57.76 million. During the same period in the previous year, the firm posted $0.78 EPS. Sell-side analysts anticipate that Peakstone Realty Trust will post 2.46 EPS for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.225 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 8.06%. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -76.27%.

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.