JPMorgan Chase & Co. Has $1.72 Million Stake in Peakstone Realty Trust (NYSE:PKST)

JPMorgan Chase & Co. grew its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 106.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,483 shares of the company’s stock after buying an additional 65,137 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of Peakstone Realty Trust worth $1,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PKST. Centaurus Financial Inc. grew its stake in Peakstone Realty Trust by 55.6% in the 2nd quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock valued at $12,757,000 after buying an additional 429,983 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Peakstone Realty Trust by 1,600.9% in the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after purchasing an additional 175,008 shares during the last quarter. Captrust Financial Advisors acquired a new position in Peakstone Realty Trust in the 3rd quarter valued at approximately $781,000. AQR Capital Management LLC increased its position in Peakstone Realty Trust by 102.3% in the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock valued at $1,154,000 after acquiring an additional 55,071 shares during the period. Finally, Barclays PLC increased its position in Peakstone Realty Trust by 318.6% in the 3rd quarter. Barclays PLC now owns 56,078 shares of the company’s stock valued at $764,000 after acquiring an additional 42,681 shares during the period. 38.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PKST. Truist Financial increased their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. UBS Group began coverage on shares of Peakstone Realty Trust in a research report on Thursday, January 16th. They set a “buy” rating and a $15.00 price target on the stock.

Peakstone Realty Trust Trading Down 2.5 %

Shares of Peakstone Realty Trust stock opened at $10.96 on Thursday. The firm has a market cap of $398.72 million, a PE ratio of -9.29 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 has a 1 year low of $9.89 and a 1 year high of $16.86. The company has a 50 day simple moving average of $12.05 and a two-hundred day simple moving average of $12.90.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.34). The company had revenue of $54.96 million for the quarter, compared to analysts’ expectations of $57.76 million. Peakstone Realty Trust had a negative net margin of 18.26% and a negative return on equity of 3.61%. During the same period in the previous year, the firm posted $0.78 earnings per share. Analysts expect that Peakstone Realty Trust will post 2.46 earnings per share for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend was Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

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.