Peakstone Realty Trust (NYSE:PKST) Price Target Raised to $15.00

Peakstone Realty Trust (NYSE:PKST) had its price objective raised by equities researchers at Truist Financial from $13.00 to $15.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 12.44% from the stock’s current price.

Peakstone Realty Trust Stock Performance

Shares of PKST stock traded down $0.61 during trading hours on Tuesday, reaching $13.34. The stock had a trading volume of 78,071 shares, compared to its average volume of 155,435. The firm has a 50-day simple moving average of $13.81 and a 200-day simple moving average of $13.05. The firm has a market capitalization of $485.31 million, a PE ratio of -11.30 and a beta of 2.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $21.73.

Institutional Investors Weigh In On Peakstone Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in shares of Peakstone Realty Trust in the 3rd quarter valued at about $30,000. Tsfg LLC grew its holdings in shares of Peakstone Realty Trust by 43.0% during the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Peakstone Realty Trust in the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new position in Peakstone Realty Trust in the first quarter valued at approximately $48,000. Finally, Fortis Group Advisors LLC raised its position in Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after buying an additional 970 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 (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.