Peakstone Realty Trust (NYSE:PKST) Upgraded at UBS Group

UBS Group upgraded shares of Peakstone Realty Trust (NYSE:PKST) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Separately, Truist Financial raised 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 Price Performance

PKST stock opened at $11.24 on Wednesday. The firm has a 50-day moving average of $12.19 and a 200 day moving average of $12.85. 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 company has a market cap of $409.02 million, a P/E ratio of -9.53 and a beta of 2.59. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.90 annualized dividend and a dividend yield of 8.00%. Peakstone Realty Trust’s payout ratio is -76.27%.

Institutional Investors Weigh In On Peakstone Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its holdings in shares of Peakstone Realty Trust by 4.1% during the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock valued at $17,081,000 after purchasing an additional 49,769 shares during the last quarter. Geode Capital Management LLC increased its position in Peakstone Realty Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock valued at $12,578,000 after buying an additional 10,722 shares in the last quarter. International Assets Investment Management LLC raised 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 valued at $2,534,000 after buying an additional 175,008 shares during the last quarter. Sigma Planning Corp boosted its holdings in Peakstone Realty Trust by 22.8% in 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Peakstone Realty Trust by 106.2% in the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after acquiring an additional 65,137 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

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.