Commonwealth Equity Services LLC Decreases Position in Peakstone Realty Trust (NYSE:PKST)

Commonwealth Equity Services LLC trimmed its stake in Peakstone Realty Trust (NYSE:PKST) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,473 shares of the company’s stock after selling 2,944 shares during the period. Commonwealth Equity Services LLC owned approximately 0.31% of Peakstone Realty Trust worth $1,182,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Peakstone Realty Trust by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock valued at $58,364,000 after purchasing an additional 46,436 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of Peakstone Realty Trust by 4.1% during the fourth quarter. Centaurus Financial Inc. now owns 505,509 shares of the company’s stock valued at $10,075,000 after buying an additional 19,780 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Peakstone Realty Trust by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 465,779 shares of the company’s stock worth $9,283,000 after buying an additional 10,449 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Peakstone Realty Trust by 19.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock valued at $3,252,000 after acquiring an additional 51,025 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 period. 38.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their target price on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st.

Peakstone Realty Trust Price Performance

Shares of PKST stock opened at $14.78 on Tuesday. The company’s 50-day simple moving average is $13.04 and its two-hundred day simple moving average is $13.31. The company has a debt-to-equity ratio of 1.19, a current ratio of 8.03 and a quick ratio of 8.03. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73. The company has a market capitalization of $537.70 million, a P/E ratio of -0.95 and a beta of 2.63.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 6.09%. Peakstone Realty Trust’s payout ratio is currently -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.