Peakstone Realty Trust (NYSE:PKST) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 86.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,338 shares of the company's stock after selling 161,602 shares during the period. International Assets Investment Management LLC owned about 0.07% of Peakstone Realty Trust worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortitude Family Office LLC acquired a new position in shares of Peakstone Realty Trust in the 3rd quarter valued at about $30,000. Ashton Thomas Private Wealth LLC purchased a new stake in Peakstone Realty Trust in the 2nd quarter valued at $43,000. Fortis Group Advisors LLC increased its position in Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company's stock worth $86,000 after purchasing an additional 970 shares during the last quarter. Arizona State Retirement System acquired a new position in Peakstone Realty Trust in the second quarter valued at approximately $108,000. Finally, FMR LLC increased its position in shares of Peakstone Realty Trust by 143.3% during the 3rd quarter. FMR LLC now owns 8,982 shares of the company's stock worth $122,000 after purchasing an additional 5,290 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial raised their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th.

Peakstone Realty Trust Price Performance

Shares of PKST traded down $0.15 during mid-day trading on Monday, hitting $10.40. The company's stock had a trading volume of 32,757 shares, compared to its average volume of 166,792. The firm has a market capitalization of $378.37 million, a P/E ratio of -8.81 and a beta of 2.59. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. The firm has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $12.88. 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 Announces Dividend

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 paid 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 8.65%. Peakstone Realty Trust's dividend payout ratio (DPR) 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.