Peakstone Realty Trust (NYSE:PKST) Price Target Raised to $15.00 at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its target price boosted by Truist Financial from $13.00 to $15.00 in a research note issued to investors on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Separately, UBS Group began coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 price target for the company.

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $13.25 on Monday. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $16.86. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $487.00 million, a price-to-earnings ratio of -47.32 and a beta of 2.41. The stock has a fifty day simple moving average of $11.28 and a 200 day simple moving average of $12.43.

Peakstone Realty Trust (NYSE:PKST) last announced its earnings results on Thursday, February 20th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.85. The company had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. Sell-side analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, March 31st. This represents a $0.90 annualized dividend and a dividend yield of 6.79%. Peakstone Realty Trust’s payout ratio is currently -321.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management bought a new stake in shares of Peakstone Realty Trust during the 4th quarter valued at $30,000. AlphaQuest LLC purchased a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at $30,000. Golden State Wealth Management LLC purchased a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Peakstone Realty Trust during the fourth quarter valued at approximately $34,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Peakstone Realty Trust in the fourth quarter valued at about $36,000. Institutional investors own 38.98% of the company’s 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.