SG Americas Securities LLC Takes Position in Peakstone Realty Trust (NYSE:PKST)

SG Americas Securities LLC purchased a new position in Peakstone Realty Trust (NYSE:PKST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,823 shares of the company’s stock, valued at approximately $188,000.

Several other institutional investors also recently added to or reduced their stakes in PKST. Tsfg LLC boosted its position in Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock valued at $31,000 after buying an additional 882 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Peakstone Realty Trust in the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC bought a new position in Peakstone Realty Trust in the first quarter worth approximately $48,000. Arizona State Retirement System purchased a new position in Peakstone Realty Trust during the 2nd quarter worth $108,000. Finally, International Assets Investment Management LLC bought a new stake in Peakstone Realty Trust during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Peakstone Realty Trust Stock Down 4.1 %

Shares of Peakstone Realty Trust stock opened at $13.39 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 8.03 and a quick ratio of 8.03. The stock has a market cap of $487.13 million, a price-to-earnings ratio of -3.30 and a beta of 2.63. The firm’s 50-day moving average is $13.66 and its two-hundred day moving average is $13.08. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.72%. Peakstone Realty Trust’s dividend payout ratio is presently -22.17%.

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.