Cetera Investment Advisers Sells 1,013 Shares of Peakstone Realty Trust (NYSE:PKST)

Cetera Investment Advisers lessened its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 158,383 shares of the company’s stock after selling 1,013 shares during the period. Cetera Investment Advisers owned 0.44% of Peakstone Realty Trust worth $1,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tsfg LLC increased its position in Peakstone Realty Trust by 128.1% in the 1st quarter. Tsfg LLC now owns 2,051 shares of the company’s stock valued at $33,000 after acquiring an additional 1,152 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Peakstone Realty Trust in the first quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC bought a new position in Peakstone Realty Trust in the 2nd quarter worth approximately $43,000. Mather Group LLC. bought a new position in Peakstone Realty Trust in the 1st quarter worth approximately $150,000. Finally, Arizona State Retirement System acquired a new position in Peakstone Realty Trust during the 2nd quarter worth $108,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Performance

Shares of NYSE:PKST opened at $13.87 on Tuesday. The stock has a market capitalization of $503.56 million, a P/E ratio of -0.89 and a beta of 2.63. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 1.19. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The business has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $13.14.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.225 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 6.49%. Peakstone Realty Trust’s dividend payout ratio is currently -5.79%.

Analysts Set New Price Targets

Separately, Truist Financial dropped 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 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.