Meixler Investment Management Ltd. Invests $603,000 in Peakstone Realty Trust (NYSE:PKST)

Meixler Investment Management Ltd. bought a new position in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 54,512 shares of the company's stock, valued at approximately $603,000. Meixler Investment Management Ltd. owned 0.15% of Peakstone Realty Trust as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of Peakstone Realty Trust by 1,600.9% in the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company's stock valued at $2,534,000 after purchasing an additional 175,008 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Peakstone Realty Trust by 106.2% in the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company's stock valued at $1,724,000 after purchasing an additional 65,137 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Peakstone Realty Trust in the third quarter valued at approximately $781,000. Centaurus Financial Inc. raised its holdings in shares of Peakstone Realty Trust by 4.1% in the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company's stock valued at $17,081,000 after purchasing an additional 49,769 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Peakstone Realty Trust by 318.6% in the third quarter. Barclays PLC now owns 56,078 shares of the company's stock valued at $764,000 after purchasing an additional 42,681 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Up 1.2 %

Shares of NYSE:PKST traded up $0.12 during midday trading on Thursday, hitting $10.70. The stock had a trading volume of 176,452 shares, compared to its average volume of 167,741. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.86. 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 business's 50-day simple moving average is $11.06 and its 200-day simple moving average is $12.55. The company has a market cap of $389.43 million, a P/E ratio of -9.07 and a beta of 2.58.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative net margin of 18.26% and a negative return on equity of 3.61%. On average, sell-side analysts forecast that Peakstone Realty Trust will post 2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Truist Financial raised 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. UBS Group assumed coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a "buy" rating and a $15.00 target price for the company.

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.