Barclays PLC Buys 42,681 Shares of Peakstone Realty Trust (NYSE:PKST)

Barclays PLC boosted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 318.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,078 shares of the company’s stock after acquiring an additional 42,681 shares during the quarter. Barclays PLC owned about 0.15% of Peakstone Realty Trust worth $764,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its stake in Peakstone Realty Trust by 4.1% during 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 last quarter. Geode Capital Management LLC increased its stake in Peakstone Realty Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after acquiring an additional 10,722 shares during the last quarter. International Assets Investment Management LLC increased its stake in 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 acquiring an additional 175,008 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 last quarter. Finally, Sigma Planning Corp increased its stake in Peakstone Realty Trust by 22.8% during the third 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 last quarter. 38.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Peakstone Realty Trust Stock Down 0.6 %

Shares of NYSE:PKST opened at $10.84 on Thursday. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The business has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $12.88. The firm has a market capitalization of $394.38 million, a PE ratio of -9.19 and a beta of 2.59. 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 Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 annualized dividend and a dividend yield of 8.30%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

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.