Peakstone Realty Trust (NYSE:PKST) Sees Significant Growth in Short Interest

Peakstone Realty Trust (NYSE:PKST - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,920,000 shares, a growth of 40.1% from the March 15th total of 1,370,000 shares. Approximately 5.4% of the company's stock are short sold. Based on an average trading volume of 238,100 shares, the short-interest ratio is currently 8.1 days.

Institutional Investors Weigh In On Peakstone Realty Trust

A number of institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in Peakstone Realty Trust by 318.6% in the third quarter. Barclays PLC now owns 56,078 shares of the company's stock valued at $764,000 after acquiring an additional 42,681 shares during the period. JPMorgan Chase & Co. boosted its position in Peakstone Realty Trust by 106.2% during 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. Geode Capital Management LLC increased its position in Peakstone Realty Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company's stock worth $12,578,000 after buying an additional 10,722 shares during the period. Jane Street Group LLC lifted its stake in Peakstone Realty Trust by 83.6% in the third quarter. Jane Street Group LLC now owns 90,718 shares of the company's stock valued at $1,236,000 after buying an additional 41,313 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Peakstone Realty Trust during the fourth quarter valued at $144,000. Institutional investors own 38.98% of the company's stock.

Peakstone Realty Trust Stock Down 2.9 %

NYSE:PKST traded down $0.36 during mid-day trading on Thursday, reaching $12.00. The stock had a trading volume of 36,719 shares, compared to its average volume of 225,564. The stock's 50 day simple moving average is $11.87 and its two-hundred day simple moving average is $12.11. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.26. The company has a market capitalization of $440.88 million, a price-to-earnings ratio of -42.89 and a beta of 1.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The business had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. Equities analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.50%. Peakstone Realty Trust's payout ratio is currently -321.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PKST shares. Truist Financial increased their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a report on Monday, March 24th. UBS Group assumed coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They set a "buy" rating and a $15.00 target price for the company.

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.