Peakstone Realty Trust (NYSE:PKST) Stock Price Up 5.6%

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

Analysts Set New Price Targets

Separately, Truist Financial reduced 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 Stock Performance

The stock has a 50-day moving average price of $14.64 and a 200-day moving average price of $15.69. The firm has a market capitalization of $535.21 million and a PE ratio of -0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.89 and a quick ratio of 5.89.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $62.07 million. On average, research analysts expect that Peakstone Realty Trust will post 3.03 EPS for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors 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 dividend yield of 6.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Peakstone Realty Trust’s dividend payout ratio is currently -5.80%.

Institutional Investors Weigh In On Peakstone Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of PKST. PFG Investments LLC purchased a new position in Peakstone Realty Trust during the 1st quarter valued at about $169,000. Accel Wealth Management bought a new stake in shares of Peakstone Realty Trust during the first quarter worth $170,000. TCP Asset Management LLC lifted its stake in shares of Peakstone Realty Trust by 2.9% during the first quarter. TCP Asset Management LLC now owns 110,136 shares of the company’s stock valued at $1,776,000 after acquiring an additional 3,081 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Peakstone Realty Trust during the first quarter valued at $48,000. Finally, Tsfg LLC raised its position in shares of 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 purchasing an additional 1,152 shares during the period. 38.98% of the stock is currently owned by institutional investors.

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.