The Manufacturers Life Insurance Company Has $149,000 Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

The Manufacturers Life Insurance Company increased its position in Peakstone Realty Trust (NYSE:PKST) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,084 shares of the company’s stock after purchasing an additional 1,089 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Peakstone Realty Trust were worth $149,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PKST. Vanguard Group Inc. raised its position in shares of Peakstone Realty Trust by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock valued at $58,364,000 after purchasing an additional 46,436 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Peakstone Realty Trust by 19.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock valued at $3,252,000 after acquiring an additional 51,025 shares during the period. Bank of New York Mellon Corp lifted its position in Peakstone Realty Trust by 14.8% during the second quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company’s stock worth $1,750,000 after acquiring an additional 21,333 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Peakstone Realty Trust by 176.1% during the first quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock worth $2,571,000 after acquiring an additional 101,668 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Peakstone Realty Trust by 0.7% in the first quarter. Commonwealth Equity Services LLC now owns 114,417 shares of the company’s stock valued at $1,846,000 after purchasing an additional 768 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Price Performance

Peakstone Realty Trust stock opened at $13.99 on Friday. The stock has a fifty day moving average of $13.56 and a 200-day moving average of $13.11. The stock has a market capitalization of $508.96 million, a P/E ratio of -3.45 and a beta of 2.63. The company has a debt-to-equity ratio of 1.19, a quick ratio of 8.03 and a current ratio of 8.03. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $21.73.

Peakstone Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.43%. The ex-dividend date was Monday, September 30th. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -22.17%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price target 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 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.