Luken Investment Analytics LLC Trims Holdings in Peakstone Realty Trust (NYSE:PKST)

Luken Investment Analytics LLC reduced its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,309 shares of the company’s stock after selling 807 shares during the period. Luken Investment Analytics LLC owned 0.06% of Peakstone Realty Trust worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PKST. Centaurus Financial Inc. grew its stake in shares of Peakstone Realty Trust by 55.6% in the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock worth $12,757,000 after acquiring an additional 429,983 shares during the last quarter. International Assets Investment Management LLC grew its position in Peakstone Realty Trust by 1,600.9% during 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 last quarter. Cetera Investment Advisers increased its stake in Peakstone Realty Trust by 176.1% during the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock valued at $2,571,000 after purchasing an additional 101,668 shares in the last quarter. AQR Capital Management LLC raised its holdings in Peakstone Realty Trust by 102.3% in the second quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock worth $1,154,000 after buying an additional 55,071 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Peakstone Realty Trust by 19.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock worth $3,252,000 after buying an additional 51,025 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of NYSE:PKST traded down $0.08 during midday trading on Friday, reaching $13.04. 138,262 shares of the company’s stock traded hands, compared to its average volume of 154,763. The company has a debt-to-equity ratio of 1.19, a quick ratio of 8.03 and a current ratio of 8.03. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73. The company has a market cap of $474.34 million, a price-to-earnings ratio of -11.03 and a beta of 2.63. The stock has a 50 day moving average of $13.76 and a 200 day moving average of $13.03.

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 issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is presently -76.27%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their price objective on shares of Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, August 21st.

Peakstone Realty Trust 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.