Peakstone Realty Trust (PKST) Projected to Post Quarterly Earnings on Thursday

Peakstone Realty Trust (NYSE:PKST - Get Free Report) is anticipated to issue its Q4 2024 quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.20) per share and revenue of $54.68 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last released its quarterly 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. The business had revenue of $57.93 million during the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. On average, analysts expect Peakstone Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Peakstone Realty Trust Stock Down 2.2 %

PKST traded down $0.24 during mid-day trading on Friday, reaching $10.43. 238,636 shares of the stock were exchanged, compared to its average volume of 146,957. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The stock has a market capitalization of $379.44 million, a PE ratio of -37.25 and a beta of 2.58. The company has a 50 day moving average price of $10.99 and a two-hundred day moving average price of $12.52.

Peakstone Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 8.63%. The ex-dividend date is Monday, March 31st. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -321.42%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group began coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a "buy" rating and a $15.00 price objective for the company. 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 research report on Tuesday, November 12th.

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.