Peakstone Realty Trust (NYSE:PKST) Stock Price Expected to Rise, Truist Financial Analyst Says

Peakstone Realty Trust (NYSE:PKST) had its price objective raised by stock analysts at Truist Financial from $13.00 to $15.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target suggests a potential upside of 13.38% from the company’s previous close.

Peakstone Realty Trust Stock Performance

Shares of PKST stock opened at $13.23 on Tuesday. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $21.73. The stock has a market cap of $481.33 million, a PE ratio of -11.21 and a beta of 2.57. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average price is $13.82 and its 200-day moving average price is $13.04.

Hedge Funds Weigh In On Peakstone Realty Trust

A number of hedge funds have recently bought and sold shares of PKST. Centaurus Financial Inc. boosted its stake in Peakstone Realty Trust by 55.6% in the 2nd quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock worth $12,757,000 after purchasing an additional 429,983 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Peakstone Realty Trust by 1,600.9% in the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after purchasing an additional 175,008 shares in the last quarter. Cetera Investment Advisers boosted its stake in Peakstone Realty Trust by 176.1% in the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock worth $2,571,000 after purchasing an additional 101,668 shares in the last quarter. AQR Capital Management LLC boosted its stake in Peakstone Realty Trust by 102.3% in the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock worth $1,154,000 after purchasing an additional 55,071 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake 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 worth $3,252,000 after purchasing an additional 51,025 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

About Peakstone Realty Trust

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.