AlphaQuest LLC Buys Shares of 2,694 Peakstone Realty Trust (NYSE:PKST)

AlphaQuest LLC bought a new stake in Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,694 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in Peakstone Realty Trust by 10.6% in the third quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock valued at $164,000 after acquiring an additional 1,148 shares during the period. SG Americas Securities LLC raised its stake in shares of Peakstone Realty Trust by 13.9% in the fourth quarter. SG Americas Securities LLC now owns 15,742 shares of the company’s stock worth $174,000 after buying an additional 1,919 shares during the period. PFG Investments LLC raised its stake in shares of Peakstone Realty Trust by 23.4% in the fourth quarter. PFG Investments LLC now owns 13,130 shares of the company’s stock worth $145,000 after buying an additional 2,488 shares during the period. Spire Wealth Management bought a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $30,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $31,000. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Up 4.7 %

NYSE PKST opened at $13.16 on Friday. The stock’s 50-day moving average price is $11.22 and its 200-day moving average price is $12.43. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.86. The company has a market capitalization of $483.73 million, a P/E ratio of -47.00 and a beta of 2.40.

Peakstone Realty Trust (NYSE:PKST) last released its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.85. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The firm had revenue of $57.93 million during the quarter, compared to analysts’ expectations of $54.68 million. On average, equities research analysts predict that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Peakstone Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio is currently -321.43%.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 price objective on the stock.

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.