Peakstone Realty Trust (NYSE:PKST) Stock Price Expected to Rise, Truist Financial Analyst Says

Peakstone Realty Trust (NYSE:PKST) had its price objective raised by Truist Financial from $13.00 to $15.00 in a report published on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Peakstone Realty Trust Trading Down 1.8 %

Shares of NYSE PKST opened at $12.74 on Tuesday. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $21.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The firm has a market capitalization of $463.48 million, a P/E ratio of -10.80 and a beta of 2.57. The company’s 50 day simple moving average is $13.83 and its 200 day simple moving average is $13.04.

Peakstone Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is presently -76.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Tsfg LLC raised its stake in Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares in the last quarter. Fortis Group Advisors LLC raised its stake in Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after acquiring an additional 970 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Peakstone Realty Trust by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock valued at $149,000 after buying an additional 1,089 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Peakstone Realty Trust by 10.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock worth $164,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Accel Wealth Management boosted its position in Peakstone Realty Trust by 13.0% during the 2nd quarter. Accel Wealth Management now owns 11,914 shares of the company’s stock worth $126,000 after buying an additional 1,373 shares during the period. Institutional investors own 38.98% of the company’s stock.

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.