Ashton Thomas Private Wealth LLC Buys New Position in Peakstone Realty Trust (NYSE:PKST)

Ashton Thomas Private Wealth LLC purchased a new position in Peakstone Realty Trust (NYSE:PKST) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,025 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp lifted its stake in shares of Peakstone Realty Trust by 8.6% in the fourth quarter. Truist Financial Corp now owns 18,513 shares of the company’s stock worth $369,000 after acquiring an additional 1,472 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Peakstone Realty Trust by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 465,779 shares of the company’s stock valued at $9,283,000 after acquiring an additional 10,449 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Peakstone Realty Trust by 4.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,620 shares of the company’s stock worth $451,000 after purchasing an additional 1,000 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in Peakstone Realty Trust by 86.6% in the fourth quarter. SageView Advisory Group LLC now owns 21,667 shares of the company’s stock worth $432,000 after purchasing an additional 10,055 shares during the period. Finally, Centaurus Financial Inc. increased its stake in Peakstone Realty Trust by 4.1% during the fourth quarter. Centaurus Financial Inc. now owns 505,509 shares of the company’s stock valued at $10,075,000 after purchasing an additional 19,780 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial decreased their target price on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $14.70 on Monday. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73. The company has a quick ratio of 8.03, a current ratio of 8.03 and a debt-to-equity ratio of 1.19. The firm has a market cap of $534.79 million, a P/E ratio of -0.95 and a beta of 2.63. The business’s 50-day moving average price is $12.95 and its 200 day moving average price is $13.30.

Peakstone Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.12%. Peakstone Realty Trust’s payout ratio is currently -5.79%.

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.