Martingale Asset Management L P Acquires Shares of 12,468 Peakstone Realty Trust (NYSE:PKST)

Martingale Asset Management L P acquired a new stake in Peakstone Realty Trust (NYSE:PKST) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,468 shares of the company’s stock, valued at approximately $170,000.

Other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. lifted its holdings in shares of Peakstone Realty Trust by 55.6% during the 2nd 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 period. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $2,534,000 after acquiring an additional 175,008 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Peakstone Realty Trust by 176.1% during the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock worth $2,571,000 after acquiring an additional 101,668 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Peakstone Realty Trust by 102.3% during the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock worth $1,154,000 after acquiring an additional 55,071 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Peakstone Realty Trust by 19.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock worth $3,252,000 after acquiring an additional 51,025 shares during the period. Institutional investors own 38.98% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial upped their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $13.18 on Thursday. The company has a 50 day moving average of $13.46 and a 200-day moving average of $12.92. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. 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 has a market cap of $479.51 million, a PE ratio of -11.17 and a beta of 2.50.

Peakstone Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is -76.27%.

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.