HighPoint Advisor Group LLC Invests $372,000 in Peakstone Realty Trust (NYSE:PKST)

HighPoint Advisor Group LLC purchased a new stake in Peakstone Realty Trust (NYSE:PKST) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,680 shares of the company’s stock, valued at approximately $372,000. HighPoint Advisor Group LLC owned approximately 0.05% of Peakstone Realty Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Peakstone Realty Trust by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,823,509 shares of the company’s stock valued at $30,343,000 after acquiring an additional 81,169 shares in the last quarter. Swiss National Bank acquired a new position in Peakstone Realty Trust in the third quarter valued at about $1,316,000. New York State Common Retirement Fund grew its stake in Peakstone Realty Trust by 33.5% during the fourth quarter. New York State Common Retirement Fund now owns 15,213 shares of the company’s stock worth $303,000 after buying an additional 3,818 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Peakstone Realty Trust by 34.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after buying an additional 703 shares during the period. Finally, Retirement Financial Solutions LLC raised its position in shares of Peakstone Realty Trust by 7.9% in the 4th quarter. Retirement Financial Solutions LLC now owns 25,809 shares of the company’s stock valued at $514,000 after buying an additional 1,898 shares in the last quarter. 38.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Peakstone Realty Trust Price Performance

PKST opened at $11.31 on Friday. The company’s 50 day moving average is $13.07 and its 200-day moving average is $15.10. Peakstone Realty Trust has a 1-year low of $10.84 and a 1-year high of $38.20. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, June 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.96%. Peakstone Realty Trust’s payout ratio is presently -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.