Daiwa Securities Group Inc. Buys 1,148 Shares of Peakstone Realty Trust (NYSE:PKST)

Daiwa Securities Group Inc. lifted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,010 shares of the company’s stock after acquiring an additional 1,148 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Peakstone Realty Trust were worth $164,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in Peakstone Realty Trust in the 3rd quarter valued at $30,000. Tsfg LLC grew its position in shares of Peakstone Realty Trust by 43.0% in the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock valued at $31,000 after purchasing an additional 882 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Peakstone Realty Trust in the second quarter worth about $43,000. Fortis Group Advisors LLC lifted its position in shares of Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in Peakstone Realty Trust during the 2nd quarter valued at approximately $108,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

Shares of Peakstone Realty Trust stock opened at $13.73 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The company has a market cap of $499.50 million, a PE ratio of -11.64 and a beta of 2.57. The firm has a fifty day moving average price of $13.54 and a two-hundred day moving average price of $12.93. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $21.73.

Peakstone Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.55%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is presently -76.27%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th.

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.