Peakstone Realty Trust (NYSE:PKST) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 204.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,263 shares of the company's stock after purchasing an additional 49,898 shares during the period. HighPoint Advisor Group LLC owned approximately 0.20% of Peakstone Realty Trust worth $798,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Spire Wealth Management purchased a new position in shares of Peakstone Realty Trust during the fourth quarter valued at approximately $30,000. AlphaQuest LLC purchased a new position in Peakstone Realty Trust during the 4th quarter valued at $30,000. Golden State Wealth Management LLC bought a new position in Peakstone Realty Trust in the 4th quarter valued at $31,000. Financial Life Planners purchased a new stake in Peakstone Realty Trust in the fourth quarter worth $39,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Peakstone Realty Trust during the fourth quarter worth $67,000. Institutional investors own 38.98% of the company's stock.

Peakstone Realty Trust Stock Down 1.3 %

Shares of PKST traded down $0.17 during midday trading on Thursday, reaching $12.54. 202,559 shares of the stock were exchanged, compared to its average volume of 180,417. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The company's 50 day moving average is $11.52 and its two-hundred day moving average is $12.38. The company has a market capitalization of $460.72 million, a P/E ratio of -44.77 and a beta of 1.69. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26.

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

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust's dividend payout ratio (DPR) is -321.43%.

Analysts Set New Price Targets

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

About Peakstone Realty Trust

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.