Centaurus Financial Inc. Increases Holdings in Peakstone Realty Trust (NYSE:PKST)

Centaurus Financial Inc. raised its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,253,223 shares of the company's stock after acquiring an additional 49,769 shares during the period. Peakstone Realty Trust makes up 1.1% of Centaurus Financial Inc.'s portfolio, making the stock its 12th biggest position. Centaurus Financial Inc. owned approximately 3.44% of Peakstone Realty Trust worth $17,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PKST. Tsfg LLC lifted its holdings in shares of Peakstone Realty Trust by 43.0% during the second quarter. Tsfg LLC now owns 2,933 shares of the company's stock valued at $31,000 after purchasing an additional 882 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company's stock valued at $86,000 after acquiring an additional 970 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Peakstone Realty Trust by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company's stock worth $149,000 after acquiring an additional 1,089 shares during the period. Accel Wealth Management raised its holdings in shares of Peakstone Realty Trust by 13.0% during the second quarter. Accel Wealth Management now owns 11,914 shares of the company's stock valued at $126,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Peakstone Realty Trust by 2.8% during the second quarter. Rhumbline Advisers now owns 58,050 shares of the company's stock valued at $615,000 after purchasing an additional 1,569 shares during the period. 38.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their target price on shares of 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 Stock Performance

Shares of Peakstone Realty Trust stock traded up $0.39 during trading hours on Friday, reaching $13.12. 185,750 shares of the stock traded hands, compared to its average volume of 154,935. The company has a 50 day moving average price of $13.72 and a 200 day moving average price of $12.99. 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 firm has a market capitalization of $477.31 million, a price-to-earnings ratio of -11.12 and a beta of 2.57. Peakstone Realty Trust has a one year low of $9.89 and a one 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. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust's payout ratio is -76.27%.

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.