Peakstone Realty Trust $PKST Shares Acquired by Strs Ohio

Strs Ohio increased its position in shares of Peakstone Realty Trust (NYSE:PKST) by 2,305.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,800 shares of the company’s stock after purchasing an additional 163,700 shares during the period. Strs Ohio’s holdings in Peakstone Realty Trust were worth $2,241,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PKST. Farther Finance Advisors LLC raised its stake in Peakstone Realty Trust by 101.4% in the third quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 1,007 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Peakstone Realty Trust during the 2nd quarter worth about $26,000. Elevation Point Wealth Partners LLC purchased a new stake in Peakstone Realty Trust during the second quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in Peakstone Realty Trust by 1,588.6% in the third quarter. Versant Capital Management Inc now owns 3,546 shares of the company’s stock valued at $47,000 after purchasing an additional 3,336 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Peakstone Realty Trust by 209.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the company’s stock valued at $50,000 after purchasing an additional 2,551 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $14.92 on Wednesday. The firm’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $13.62. Peakstone Realty Trust has a 12 month low of $10.35 and a 12 month high of $15.40. The stock has a market capitalization of $548.72 million, a price-to-earnings ratio of -1.83 and a beta of 1.71. The company has a debt-to-equity ratio of 1.34, a current ratio of 5.97 and a quick ratio of 5.97.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Wednesday, December 31st were paid a $0.10 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. Peakstone Realty Trust’s payout ratio is currently -4.92%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research raised shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Wall Street Zen lowered shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Peakstone Realty Trust presently has an average rating of “Hold” and a consensus target price of $17.50.

Peakstone Realty Trust 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.