Fmr LLC Boosts Stock Position in Peakstone Realty Trust (NYSE:PKST)

Fmr LLC boosted its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 143.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,982 shares of the company’s stock after buying an additional 5,290 shares during the period. Fmr LLC’s holdings in Peakstone Realty Trust were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. increased its stake in shares of Peakstone Realty Trust by 4.1% in the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock worth $17,081,000 after acquiring an additional 49,769 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Peakstone Realty Trust by 19.9% during the second 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. International Assets Investment Management LLC grew its holdings in shares of Peakstone Realty Trust by 1,600.9% during the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after buying an additional 175,008 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Peakstone Realty Trust by 14.8% in the 2nd 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 in the last quarter. Finally, Sigma Planning Corp raised its holdings in shares of Peakstone Realty Trust by 22.8% during the 3rd quarter. Sigma Planning Corp now owns 140,553 shares of the company’s stock worth $1,916,000 after acquiring an additional 26,085 shares during the period. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Down 0.7 %

Shares of Peakstone Realty Trust stock opened at $11.38 on Monday. The company has a market capitalization of $414.03 million, a P/E ratio of -9.64 and a beta of 2.50. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average of $13.18 and a 200 day moving average of $12.90. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.225 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 7.91%. Peakstone Realty Trust’s dividend payout ratio is currently -76.27%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their target price on 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 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.