AQR Capital Management LLC Increases Position in Peakstone Realty Trust (NYSE:PKST)

AQR Capital Management LLC raised its holdings in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 102.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 108,887 shares of the company's stock after purchasing an additional 55,071 shares during the period. AQR Capital Management LLC owned 0.30% of Peakstone Realty Trust worth $1,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PKST. Tsfg LLC grew its position in shares of Peakstone Realty Trust by 128.1% in the 1st quarter. Tsfg LLC now owns 2,051 shares of the company's stock worth $33,000 after buying an additional 1,152 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Peakstone Realty Trust during the 1st quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC acquired a new stake in Peakstone Realty Trust in the 2nd quarter worth approximately $43,000. Fortis Group Advisors LLC increased its stake in Peakstone Realty Trust by 477.1% during the 4th quarter. Fortis Group Advisors LLC now owns 9,020 shares of the company's stock valued at $180,000 after purchasing an additional 7,457 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Peakstone Realty Trust in the first quarter worth $150,000. Hedge funds and other institutional investors own 38.98% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial lowered their price target on Peakstone Realty Trust from $16.00 to $13.00 and set a "hold" rating for the company in a research report on Wednesday, August 21st.

Peakstone Realty Trust Stock Performance

NYSE PKST traded up $0.47 on Friday, hitting $13.98. 119,214 shares of the company's stock traded hands, compared to its average volume of 157,138. The firm has a market capitalization of $507.56 million, a PE ratio of -0.90 and a beta of 2.63. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The firm's 50-day moving average price is $13.35 and its two-hundred day moving average price is $13.17. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $0.225 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 6.44%. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -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.