Peakstone Realty Trust (NYSE:PKST) Earns Buy Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Peakstone Realty Trust (NYSE:PKST - Free Report) in a report released on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $15.00 target price on the stock.

Separately, Truist Financial upped their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th.

Peakstone Realty Trust Trading Up 4.9 %

NYSE:PKST traded up $0.54 during trading hours on Thursday, hitting $11.42. 195,359 shares of the stock were exchanged, compared to its average volume of 188,856. The company's 50 day moving average is $12.25 and its two-hundred day moving average is $12.86. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve 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 company has a market capitalization of $415.39 million, a P/E ratio of -9.68 and a beta of 2.59.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust's dividend payout ratio (DPR) is currently -76.27%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PKST. Centaurus Financial Inc. lifted its stake in shares of Peakstone Realty Trust by 55.6% in the 2nd quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company's stock valued at $12,757,000 after purchasing an additional 429,983 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Peakstone Realty Trust by 1,600.9% in the 3rd 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 period. JPMorgan Chase & Co. lifted its stake in shares of Peakstone Realty Trust by 106.2% in the 3rd 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 period. Captrust Financial Advisors acquired a new position in shares of Peakstone Realty Trust in the 3rd quarter valued at $781,000. Finally, AQR Capital Management LLC lifted its stake in shares of Peakstone Realty Trust by 102.3% in the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company's stock valued at $1,154,000 after purchasing an additional 55,071 shares during the period. Institutional investors and hedge funds own 38.98% of the company's stock.

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.