HighTower Advisors LLC Trims Stock Position in Peakstone Realty Trust (NYSE:PKST)

HighTower Advisors LLC trimmed its stake in Peakstone Realty Trust (NYSE:PKSTFree Report) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,827 shares of the company’s stock after selling 1,102 shares during the period. HighTower Advisors LLC’s holdings in Peakstone Realty Trust were worth $187,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PKST. Fortis Group Advisors LLC raised its stake in Peakstone Realty Trust by 18.3% in the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after buying an additional 970 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Peakstone Realty Trust by 8.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock worth $149,000 after acquiring an additional 1,089 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Peakstone Realty Trust by 10.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock valued at $164,000 after purchasing an additional 1,148 shares during the period. Rhumbline Advisers boosted its position in shares of Peakstone Realty Trust by 2.8% during the second quarter. Rhumbline Advisers now owns 58,050 shares of the company’s stock valued at $615,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Peakstone Realty Trust by 11.0% in the third quarter. Arkadios Wealth Advisors now owns 16,759 shares of the company’s stock worth $228,000 after purchasing an additional 1,661 shares during the period. Institutional investors own 38.98% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Peakstone Realty Trust

Peakstone Realty Trust Trading Down 0.7 %

NYSE:PKST opened at $11.26 on Thursday. The firm has a market capitalization of $409.66 million, a P/E ratio of -9.54 and a beta of 2.51. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73. The company’s 50-day simple moving average is $13.01 and its 200 day simple moving average is $12.89.

Peakstone Realty Trust Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.90 annualized dividend and a dividend yield of 7.99%. Peakstone Realty Trust’s payout ratio is currently -76.27%.

Peakstone Realty Trust Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Peakstone Realty Trust (NYSE:PKST)

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