Charles Schwab Investment Management Inc. Boosts Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

Charles Schwab Investment Management Inc. grew its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 363,410 shares of the company’s stock after buying an additional 12,403 shares during the period. Charles Schwab Investment Management Inc. owned 1.00% of Peakstone Realty Trust worth $4,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Peakstone Realty Trust during the fourth quarter valued at about $144,000. Sigma Planning Corp lifted its stake in shares of Peakstone Realty Trust by 3.0% in the 4th quarter. Sigma Planning Corp now owns 144,713 shares of the company’s stock valued at $1,602,000 after purchasing an additional 4,160 shares in the last quarter. Meixler Investment Management Ltd. purchased a new stake in shares of Peakstone Realty Trust during the 4th quarter worth about $603,000. Rhumbline Advisers increased its position in Peakstone Realty Trust by 34.6% during the 4th quarter. Rhumbline Advisers now owns 77,894 shares of the company’s stock worth $862,000 after purchasing an additional 20,011 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Peakstone Realty Trust in the fourth quarter valued at approximately $31,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PKST shares. UBS Group initiated coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 price objective for the company. Truist Financial increased their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Monday.

Peakstone Realty Trust Stock Performance

Peakstone Realty Trust stock opened at $12.56 on Thursday. The firm has a market capitalization of $461.64 million, a PE ratio of -44.86 and a beta of 2.41. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $16.86. The stock’s 50 day moving average price is $11.35 and its 200 day moving average price is $12.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24.

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

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a yield of 7.17%. Peakstone Realty Trust’s payout ratio is currently -321.43%.

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.