Peakstone Realty Trust (NYSE:PKST) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Peakstone Realty Trust (NYSE:PKST) by 42.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,875 shares of the company’s stock after acquiring an additional 14,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Peakstone Realty Trust worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PKST. FMR LLC lifted its stake in shares of Peakstone Realty Trust by 143.3% in the 3rd quarter. FMR LLC now owns 8,982 shares of the company’s stock worth $122,000 after acquiring an additional 5,290 shares during the period. Daiwa Securities Group Inc. grew its position in Peakstone Realty Trust by 10.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock valued at $164,000 after purchasing an additional 1,148 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in shares of Peakstone Realty Trust during the third quarter worth $483,000. Centaurus Financial Inc. grew its stake in shares of Peakstone Realty Trust by 4.1% in the 3rd quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock valued at $17,081,000 after buying an additional 49,769 shares in the last quarter. Finally, Concorde Asset Management LLC increased its stake in shares of Peakstone Realty Trust by 42.9% during the 3rd quarter. Concorde Asset Management LLC now owns 33,793 shares of the company’s stock worth $461,000 after purchasing an additional 10,149 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $11.38 on Friday. The company’s fifty day moving average is $13.18 and its two-hundred day moving average is $12.90. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The firm has a market capitalization of $414.03 million, a price-to-earnings ratio of -9.64 and a beta of 2.50.

Peakstone Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors 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 7.91%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

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.