Peakstone Realty Trust (NYSE:PKST) Short Interest Update

Peakstone Realty Trust (NYSE:PKST) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 775,465 shares, a decline of 56.6% from the January 29th total of 1,787,596 shares. Based on an average trading volume of 2,074,715 shares, the short-interest ratio is currently 0.4 days. Approximately 2.1% of the shares of the stock are short sold. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 2,074,715 shares, the short-interest ratio is currently 0.4 days.

Peakstone Realty Trust Trading Up 0.0%

Peakstone Realty Trust stock traded up $0.01 during midday trading on Friday, hitting $20.87. 350,882 shares of the stock were exchanged, compared to its average volume of 1,218,512. The stock has a market capitalization of $775.76 million, a PE ratio of 10.53 and a beta of 1.45. The company has a fifty day simple moving average of $16.89 and a two-hundred day simple moving average of $14.67. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.61. Peakstone Realty Trust has a 52 week low of $10.70 and a 52 week high of $20.97.

Peakstone Realty Trust (NYSE:PKST) last posted its earnings results on Wednesday, February 18th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.66). The business had revenue of $25.99 million for the quarter, compared to the consensus estimate of $28.57 million. Peakstone Realty Trust had a negative return on equity of 39.44% and a negative net margin of 189.03%. Equities research analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Analyst Ratings Changes

PKST has been the topic of a number of recent research reports. Wall Street Zen cut Peakstone Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Zacks Research raised shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research report on Thursday, January 22nd. UBS Group lowered shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $21.00 in a report on Monday, February 2nd. Finally, Truist Financial cut shares of Peakstone Realty Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from $19.00 to $21.00 in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $21.00.

Hedge Funds Weigh In On Peakstone Realty Trust

A number of large investors have recently bought and sold shares of the company. Meixler Investment Management Ltd. raised its holdings in shares of Peakstone Realty Trust by 0.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 164,653 shares of the company’s stock valued at $2,363,000 after purchasing an additional 526 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Peakstone Realty Trust by 5.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,948 shares of the company’s stock valued at $233,000 after purchasing an additional 828 shares in the last quarter. Level Four Advisory Services LLC grew its position in Peakstone Realty Trust by 3.2% in the second quarter. Level Four Advisory Services LLC now owns 27,386 shares of the company’s stock valued at $362,000 after purchasing an additional 857 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Peakstone Realty Trust by 20.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,381 shares of the company’s stock valued at $71,000 after buying an additional 920 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Peakstone Realty Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,715 shares of the company’s stock valued at $274,000 after buying an additional 936 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust, Inc (NYSE: PKST) is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.