Barclays PLC Raises Stock Position in Peakstone Realty Trust (NYSE:PKST)

Barclays PLC grew its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 318.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,078 shares of the company's stock after purchasing an additional 42,681 shares during the quarter. Barclays PLC owned about 0.15% of Peakstone Realty Trust worth $764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PKST. Geode Capital Management LLC lifted its stake in shares of Peakstone Realty Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company's stock valued at $12,578,000 after purchasing an additional 10,722 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Peakstone Realty Trust by 9.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 47,000 shares of the company's stock worth $641,000 after purchasing an additional 4,000 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Peakstone Realty Trust by 37.6% in the third quarter. Orion Portfolio Solutions LLC now owns 21,027 shares of the company's stock worth $287,000 after purchasing an additional 5,746 shares in the last quarter. Jane Street Group LLC lifted its position in Peakstone Realty Trust by 83.6% during the third quarter. Jane Street Group LLC now owns 90,718 shares of the company's stock valued at $1,236,000 after buying an additional 41,313 shares during the period. Finally, IHT Wealth Management LLC bought a new stake in shares of Peakstone Realty Trust during the 3rd quarter valued at $141,000. 38.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PKST has been the subject of several research reports. UBS Group initiated coverage on shares of Peakstone Realty Trust in a research note on Thursday. They issued a "buy" rating and a $15.00 price target for the company. Truist Financial lifted their target price on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a report on Tuesday, November 12th.

Peakstone Realty Trust Stock Up 4.9 %

Shares of NYSE:PKST traded up $0.54 on Thursday, hitting $11.42. 195,359 shares of the company traded hands, compared to its average volume of 188,856. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a market cap of $415.39 million, a PE ratio of -9.68 and a beta of 2.59. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.86. The stock has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $12.86.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.225 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 7.88%. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -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.