Proficio Capital Partners LLC Acquires New Shares in Peakstone Realty Trust (NYSE:PKST)

Proficio Capital Partners LLC acquired a new stake in shares of Peakstone Realty Trust (NYSE:PKST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,029 shares of the company’s stock, valued at approximately $144,000.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management purchased a new position in shares of Peakstone Realty Trust during the 4th quarter valued at about $30,000. Golden State Wealth Management LLC purchased a new position in shares of Peakstone Realty Trust during the 4th quarter valued at about $31,000. Financial Life Planners purchased a new position in shares of Peakstone Realty Trust during the 4th quarter valued at about $39,000. Geneos Wealth Management Inc. purchased a new position in shares of Peakstone Realty Trust during the 4th quarter valued at about $67,000. Finally, FMR LLC lifted its position in shares of Peakstone Realty Trust by 143.3% during the 3rd quarter. FMR LLC now owns 8,982 shares of the company’s stock valued at $122,000 after buying an additional 5,290 shares in the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

Peakstone Realty Trust Stock Up 5.6 %

Shares of PKST opened at $12.41 on Thursday. The business’s 50 day moving average is $10.97 and its 200 day moving average is $12.46. The company has a market capitalization of $455.95 million, a PE ratio of -44.30 and a beta of 2.41. Peakstone Realty Trust has a 12-month low of $9.89 and a 12-month high of $16.86. 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 (NYSE:PKST) last issued its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.85. The company had revenue of $57.93 million for the quarter, compared to the consensus estimate of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. Research analysts expect that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Monday, March 31st. Peakstone Realty Trust’s payout ratio is -321.43%.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 target price on the stock.

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.