Centaurus Financial Inc. Purchases 429,983 Shares of Peakstone Realty Trust (NYSE:PKST)

Centaurus Financial Inc. increased its position in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 55.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,203,454 shares of the company's stock after acquiring an additional 429,983 shares during the period. Peakstone Realty Trust comprises 0.8% of Centaurus Financial Inc.'s holdings, making the stock its 20th largest holding. Centaurus Financial Inc. owned approximately 3.31% of Peakstone Realty Trust worth $12,757,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PKST. Vanguard Group Inc. lifted its stake in Peakstone Realty Trust by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company's stock valued at $58,364,000 after purchasing an additional 46,436 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Peakstone Realty Trust by 19.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company's stock valued at $3,252,000 after purchasing an additional 51,025 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Peakstone Realty Trust by 14.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company's stock valued at $1,750,000 after purchasing an additional 21,333 shares during the last quarter. Cetera Investment Advisers lifted its stake in Peakstone Realty Trust by 176.1% in the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company's stock valued at $2,571,000 after purchasing an additional 101,668 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Peakstone Realty Trust by 0.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 114,417 shares of the company's stock valued at $1,846,000 after purchasing an additional 768 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price objective on shares of Peakstone Realty Trust from $16.00 to $13.00 and set a "hold" rating for the company in a research note on Wednesday, August 21st.

Peakstone Realty Trust Price Performance

NYSE:PKST traded down $0.31 on Thursday, hitting $13.15. The company had a trading volume of 44,734 shares, compared to its average volume of 158,301. The firm has a 50 day moving average of $13.36 and a two-hundred day moving average of $13.29. The stock has a market capitalization of $478.40 million, a price-to-earnings ratio of -0.85 and a beta of 2.63. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $21.73. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 1.19.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.84%. The ex-dividend date is Monday, September 30th. Peakstone Realty Trust's payout ratio is currently -5.79%.

Peakstone Realty Trust Company 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.