Charles Schwab Investment Management Inc. Sells 21,454 Shares of Peakstone Realty Trust (NYSE:PKST)

Charles Schwab Investment Management Inc. cut its position in Peakstone Realty Trust (NYSE:PKST) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,007 shares of the company’s stock after selling 21,454 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of Peakstone Realty Trust worth $4,784,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PKST. Fortitude Family Office LLC purchased a new position in shares of Peakstone Realty Trust in the third quarter valued at $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Peakstone Realty Trust during the second quarter worth about $43,000. Fortis Group Advisors LLC lifted its stake in Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Peakstone Realty Trust during the third quarter worth about $138,000. Finally, Arizona State Retirement System bought a new stake in Peakstone Realty Trust during the second quarter worth about $108,000. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Trading Up 0.4 %

PKST opened at $12.33 on Friday. The business has a 50 day simple moving average of $13.33 and a two-hundred day simple moving average of $12.90. The firm has a market capitalization of $448.38 million, a price-to-earnings ratio of -10.44 and a beta of 2.50. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is -76.27%.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th.

Peakstone Realty Trust Company 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.