Jane Street Group LLC Has $1.24 Million Stake in Peakstone Realty Trust (NYSE:PKST)

Jane Street Group LLC increased its position in shares of Peakstone Realty Trust (NYSE:PKST) by 83.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,718 shares of the company’s stock after purchasing an additional 41,313 shares during the period. Jane Street Group LLC owned approximately 0.25% of Peakstone Realty Trust worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Peakstone Realty Trust by 14.8% during the second quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company’s stock worth $1,750,000 after acquiring an additional 21,333 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Peakstone Realty Trust by 19.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock valued at $3,252,000 after buying an additional 51,025 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Peakstone Realty Trust in the second quarter valued at approximately $160,000. International Assets Investment Management LLC bought a new stake in shares of Peakstone Realty Trust in the second quarter valued at approximately $116,000. Finally, Rhumbline Advisers grew its position in Peakstone Realty Trust by 2.8% during the second quarter. Rhumbline Advisers now owns 58,050 shares of the company’s stock worth $615,000 after buying an additional 1,569 shares in the last quarter. 38.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their price target 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 Stock Performance

NYSE PKST opened at $11.07 on Friday. The firm’s 50 day simple moving average is $12.90 and its 200 day simple moving average is $12.88. The firm has a market capitalization of $402.75 million, a price-to-earnings ratio of -9.38 and a beta of 2.50. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 8.13%. The ex-dividend date 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.