Captrust Financial Advisors Buys Shares of 57,287 Peakstone Realty Trust (NYSE:PKST)

Captrust Financial Advisors bought a new stake in Peakstone Realty Trust (NYSE:PKST - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 57,287 shares of the company's stock, valued at approximately $781,000. Captrust Financial Advisors owned approximately 0.16% of Peakstone Realty Trust at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of Peakstone Realty Trust in the third quarter valued at approximately $30,000. Tsfg LLC raised its holdings in Peakstone Realty Trust by 43.0% in the 2nd 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. Ashton Thomas Private Wealth LLC bought a new stake in shares of Peakstone Realty Trust during the second quarter worth approximately $43,000. Fortis Group Advisors LLC grew 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 purchasing an additional 970 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in shares of Peakstone Realty Trust during the second quarter worth approximately $108,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Performance

Shares of PKST stock traded down $0.27 on Wednesday, hitting $12.54. The company's stock had a trading volume of 187,713 shares, compared to its average volume of 155,244. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $21.73. The company has a market capitalization of $456.02 million, a PE ratio of -10.62 and a beta of 2.51. The stock's 50 day moving average is $13.39 and its 200-day moving average is $12.91. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 7.18%. Peakstone Realty Trust's payout ratio is presently -76.27%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th.

Peakstone Realty Trust 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.