Invesco Ltd. Buys 554,091 Shares of Peakstone Realty Trust (NYSE:PKST)

Invesco Ltd. boosted its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 458.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 675,048 shares of the company's stock after acquiring an additional 554,091 shares during the quarter. Invesco Ltd. owned 1.86% of Peakstone Realty Trust worth $7,473,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of Peakstone Realty Trust by 13.9% during the 4th quarter. SG Americas Securities LLC now owns 15,742 shares of the company's stock worth $174,000 after acquiring an additional 1,919 shares in the last quarter. PFG Investments LLC grew its position in Peakstone Realty Trust by 23.4% in the fourth quarter. PFG Investments LLC now owns 13,130 shares of the company's stock valued at $145,000 after purchasing an additional 2,488 shares in the last quarter. AlphaQuest LLC acquired a new stake in Peakstone Realty Trust in the 4th quarter valued at $30,000. Spire Wealth Management acquired a new position in shares of Peakstone Realty Trust during the 4th quarter worth about $30,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Peakstone Realty Trust in the 4th quarter valued at about $31,000. Institutional investors own 38.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Truist Financial raised 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 Monday, March 24th. UBS Group began coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They set a "buy" rating and a $15.00 price objective on the stock.

Peakstone Realty Trust Stock Performance

PKST traded up $0.03 during trading hours on Monday, reaching $11.94. The company's stock had a trading volume of 75,738 shares, compared to its average volume of 183,799. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The company's 50-day moving average is $11.91 and its 200-day moving average is $12.07. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26. The firm has a market cap of $438.85 million, a PE ratio of -42.64 and a beta of 1.70.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. The company had revenue of $57.93 million during the quarter, compared to analysts' expectations of $54.68 million. On average, equities analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 7.54%. The ex-dividend date was Monday, March 31st. Peakstone Realty Trust's payout ratio is -321.43%.

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.