International Assets Investment Management LLC Raises Holdings in Peakstone Realty Trust (NYSE:PKST)

International Assets Investment Management LLC grew its holdings in Peakstone Realty Trust (NYSE:PKST - Free Report) by 1,600.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,940 shares of the company's stock after purchasing an additional 175,008 shares during the period. International Assets Investment Management LLC owned approximately 0.51% of Peakstone Realty Trust worth $2,534,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Fortis Group Advisors LLC boosted its stake in 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 purchasing an additional 970 shares during the period. Bleakley Financial Group LLC purchased a new stake in shares of Peakstone Realty Trust in the third quarter worth about $138,000. SG Americas Securities LLC bought a new position in shares of Peakstone Realty Trust in the third quarter valued at approximately $188,000. Centaurus Financial Inc. grew 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 valued at $12,757,000 after acquiring an additional 429,983 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Peakstone Realty Trust during the second quarter valued at approximately $234,000. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

Peakstone Realty Trust Price Performance

NYSE PKST traded down $0.08 during trading on Friday, reaching $13.04. The company's stock had a trading volume of 138,262 shares, compared to its average volume of 119,781. The firm has a fifty day moving average of $13.76 and a 200 day moving average of $13.04. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73. The stock has a market capitalization of $474.40 million, a PE ratio of -11.05 and a beta of 2.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 8.03.

Peakstone Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust's dividend payout ratio (DPR) is -76.27%.

Analyst Ratings Changes

Separately, Truist Financial cut 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.

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.