Peakstone Realty Trust (NYSE:PKST) Announces Earnings Results, Beats Estimates By $0.85 EPS

Peakstone Realty Trust (NYSE:PKST) announced its earnings results on Thursday. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.85, Zacks reports. The company had revenue of $57.93 million during the quarter, compared to analysts’ expectations of $54.68 million. Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%.

Peakstone Realty Trust Stock Performance

Shares of NYSE:PKST traded up $0.05 during trading on Friday, reaching $10.72. The company had a trading volume of 68,024 shares, compared to its average volume of 164,297. The firm has a market capitalization of $390.14 million, a price-to-earnings ratio of -9.05 and a beta of 2.58. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The stock’s fifty day moving average price is $11.03 and its 200 day moving average price is $12.53. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.86.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PKST. Truist Financial lifted their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. UBS Group assumed coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 target price for the company.

About Peakstone Realty Trust

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.