Peakstone Realty Trust (NYSE:PKST - Get Free Report) shares traded up 7.2% during trading on Tuesday . The stock traded as high as $13.92 and last traded at $13.92. 28,702 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 155,801 shares. The stock had previously closed at $12.99.
Analyst Upgrades and Downgrades
Separately, Truist Financial decreased their price target on shares of Peakstone Realty Trust from $16.00 to $13.00 and set a "hold" rating for the company in a report on Wednesday, August 21st.
Read Our Latest Research Report on Peakstone Realty Trust
Peakstone Realty Trust Price Performance
The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $13.08. The stock has a market cap of $507.86 million, a price-to-earnings ratio of -3.44 and a beta of 2.63.
Peakstone Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $0.225 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 6.45%. Peakstone Realty Trust's payout ratio is -22.17%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortis Group Advisors LLC lifted its position in shares of Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company's stock worth $86,000 after acquiring an additional 970 shares during the period. Bleakley Financial Group LLC acquired a new position in shares of Peakstone Realty Trust in the third quarter valued at $138,000. SG Americas Securities LLC bought a new position in Peakstone Realty Trust in the third quarter worth $188,000. Centaurus Financial Inc. boosted its stake in Peakstone Realty Trust by 55.6% during the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company's stock worth $12,757,000 after buying an additional 429,983 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at $234,000. Institutional investors own 38.98% of the company's stock.
About Peakstone Realty Trust
(
Get Free Report)
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.
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