Peakstone Realty Trust (NYSE:PKST) Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 64.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,463 shares of the company's stock after acquiring an additional 80,980 shares during the quarter. JPMorgan Chase & Co. owned about 0.57% of Peakstone Realty Trust worth $2,297,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Spire Wealth Management acquired a new position in Peakstone Realty Trust during the fourth quarter worth approximately $30,000. AlphaQuest LLC acquired a new stake in shares of Peakstone Realty Trust during the 4th quarter worth $30,000. Golden State Wealth Management LLC acquired a new stake in shares of Peakstone Realty Trust during the 4th quarter worth $31,000. Financial Life Planners purchased a new position in shares of Peakstone Realty Trust in the 4th quarter worth $39,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Peakstone Realty Trust during the fourth quarter valued at about $67,000. Institutional investors and hedge funds own 38.98% of the company's stock.

Peakstone Realty Trust Stock Down 0.8 %

NYSE PKST traded down $0.10 during trading hours on Friday, hitting $11.89. The company had a trading volume of 90,076 shares, compared to its average volume of 184,233. The firm's 50 day moving average is $11.91 and its 200 day moving average is $12.08. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.26. The company has a market capitalization of $436.83 million, a price-to-earnings ratio of -42.44 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, beating analysts' consensus estimates of ($0.20) by $0.85. The business had revenue of $57.93 million during the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. Sell-side analysts anticipate that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend was Monday, March 31st. Peakstone Realty Trust's dividend payout ratio (DPR) is -321.43%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PKST shares. UBS Group began coverage on Peakstone Realty Trust in a report on Thursday, January 16th. They issued a "buy" rating and a $15.00 price objective on the stock. Truist Financial raised their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a report on Monday, March 24th.

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.