Vanguard Group Inc. Has $40.41 Million Position in Peakstone Realty Trust (NYSE:PKST)

Vanguard Group Inc. cut its holdings in Peakstone Realty Trust (NYSE:PKST - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,650,261 shares of the company's stock after selling 67,336 shares during the period. Vanguard Group Inc. owned approximately 10.03% of Peakstone Realty Trust worth $40,408,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of Peakstone Realty Trust in the 4th quarter valued at approximately $30,000. AlphaQuest LLC bought a new position in shares of Peakstone Realty Trust in the fourth quarter valued at approximately $30,000. Golden State Wealth Management LLC acquired a new stake in shares of Peakstone Realty Trust in the fourth quarter worth $31,000. Financial Life Planners bought a new stake in shares of Peakstone Realty Trust during the 4th quarter worth $39,000. Finally, Geneos Wealth Management Inc. acquired a new position in Peakstone Realty Trust in the 4th quarter valued at $67,000. 38.98% of the stock is owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock traded down $0.04 during midday trading on Thursday, hitting $12.03. The company had a trading volume of 45,021 shares, compared to its average volume of 228,816. The stock has a market cap of $441.98 million, a PE ratio of -42.94 and a beta of 1.70. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.26. The business's 50 day simple moving average is $11.72 and its two-hundred day simple moving average is $12.15. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.85. The company had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. As a group, equities analysts predict that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

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 paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.90 annualized dividend and a yield of 7.48%. Peakstone Realty Trust's dividend payout ratio is -321.43%.

Analyst Upgrades and Downgrades

PKST has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of 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 started 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.

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.