Sumitomo Mitsui Trust Group Inc. Sells 1,845 Shares of Peakstone Realty Trust (NYSE:PKST)

Sumitomo Mitsui Trust Group Inc. decreased its position in Peakstone Realty Trust (NYSE:PKST) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,996 shares of the company’s stock after selling 1,845 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Peakstone Realty Trust worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PKST. The Manufacturers Life Insurance Company increased its position in shares of Peakstone Realty Trust by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock valued at $149,000 after purchasing an additional 1,089 shares during the last quarter. SG Americas Securities LLC purchased a new position in Peakstone Realty Trust during the 3rd quarter valued at $188,000. Bleakley Financial Group LLC purchased a new position in Peakstone Realty Trust during the 3rd quarter valued at $138,000. Fortis Group Advisors LLC lifted its holdings in shares of Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after buying an additional 970 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Peakstone Realty Trust by 1,600.9% in the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after buying an additional 175,008 shares during the period. Institutional investors own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PKST shares. Truist Financial boosted 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. UBS Group initiated coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 target price on the stock.

Peakstone Realty Trust Stock Performance

Shares of PKST stock opened at $10.84 on Friday. The company has a market capitalization of $394.21 million, a P/E ratio of -9.18 and a beta of 2.58. The business’s 50 day moving average is $11.18 and its two-hundred day moving average is $12.60. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 12-month low of $9.89 and a 12-month high of $16.86.

Peakstone Realty Trust Company 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.