UBS Group Initiates Coverage on Peakstone Realty Trust (NYSE:PKST)

Investment analysts at UBS Group started coverage on shares of Peakstone Realty Trust (NYSE:PKST) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $15.00 price target on the stock. UBS Group’s target price would suggest a potential upside of 38.38% from the stock’s previous close.

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

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $10.84 on Thursday. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.86. The firm’s fifty day moving average price is $12.31 and its two-hundred day moving average price is $12.88. 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 cap of $394.36 million, a PE ratio of -9.19 and a beta of 2.59.

Institutional Trading of Peakstone Realty Trust

Several hedge funds have recently added to or reduced their stakes in PKST. Centaurus Financial Inc. grew its stake in Peakstone Realty Trust by 4.1% during the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock valued at $17,081,000 after acquiring an additional 49,769 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Peakstone Realty Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock valued at $12,578,000 after purchasing an additional 10,722 shares during the period. International Assets Investment Management LLC boosted 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 buying an additional 175,008 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Peakstone Realty Trust by 14.8% in the second quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company’s stock worth $1,750,000 after purchasing an additional 21,333 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Peakstone Realty Trust by 22.8% in the third quarter. Sigma Planning Corp now owns 140,553 shares of the company’s stock worth $1,916,000 after purchasing an additional 26,085 shares during the last quarter. 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.