Peakstone Realty Trust (NYSE:PKST) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp grew its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,713 shares of the company’s stock after purchasing an additional 4,160 shares during the quarter. Sigma Planning Corp owned 0.40% of Peakstone Realty Trust worth $1,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Peakstone Realty Trust by 1,600.9% during the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after purchasing an additional 175,008 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Peakstone Realty Trust by 106.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after buying an additional 65,137 shares in the last quarter. Captrust Financial Advisors acquired a new position in Peakstone Realty Trust in the 3rd quarter worth $781,000. Meixler Investment Management Ltd. acquired a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $603,000. Finally, Centaurus Financial Inc. lifted its stake in shares of Peakstone Realty Trust by 4.1% in the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock worth $17,081,000 after acquiring an additional 49,769 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $10.43 on Monday. The firm has a market cap of $379.44 million, a PE ratio of -37.25 and a beta of 2.58. The firm’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $12.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings data 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. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The firm had revenue of $57.93 million for the quarter, compared to analysts’ expectations of $54.68 million. Equities analysts forecast that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio is currently -321.42%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial boosted their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. UBS Group initiated coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They issued a “buy” rating and a $15.00 target price on the stock.

Peakstone Realty Trust 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.