SageView Advisory Group LLC Has $432,000 Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

SageView Advisory Group LLC lifted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 86.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,667 shares of the company’s stock after buying an additional 10,055 shares during the quarter. SageView Advisory Group LLC owned about 0.06% of Peakstone Realty Trust worth $432,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fortis Group Advisors LLC acquired a new stake in shares of Peakstone Realty Trust during the 3rd quarter worth about $26,000. Bare Financial Services Inc acquired a new stake in shares of Peakstone Realty Trust during the 4th quarter worth about $29,000. Sunbelt Securities Inc. lifted its stake in shares of Peakstone Realty Trust by 34.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock worth $45,000 after buying an additional 703 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Peakstone Realty Trust by 129.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,828 shares of the company’s stock worth $56,000 after buying an additional 1,594 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Peakstone Realty Trust by 68.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,150 shares of the company’s stock worth $83,000 after buying an additional 1,693 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price target on shares of Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $11.16 on Thursday. Peakstone Realty Trust has a 52 week low of $10.88 and a 52 week high of $38.90. The firm has a market cap of $405.22 million, a price-to-earnings ratio of -0.72 and a beta of 2.86. The firm’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $15.13. The company has a debt-to-equity ratio of 1.18, a quick ratio of 7.90 and a current ratio of 7.90.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date is Friday, June 28th. Peakstone Realty Trust’s dividend payout ratio is -5.79%.

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.