2 weeks Ago By ABMN Staff
Invesco Ltd. lifted its holdings in Peakstone Realty Trust ( NYSE:PKST – Free Report ) by 458.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 675,048 shares of the company’s stock after acquiring an additional 554,091 shares during the period. Invesco Ltd.’s holdings in Peakstone Realty Trust were worth $7,473,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Peakstone Realty Trust by 13.9% during the 4th quarter.
SG Americas Securities LLC now owns 15,742 shares of the company’s stock valued at $174,000 after buying an additional 1,919 shares in the last quarter. PFG Investments LLC grew its holdings in shares of Peakstone Realty Trust by 23.4% in the fourth quarter.
PFG Investments LLC now owns 13,130 shares of the company’s stock valued at $145,000 after purchasing an additional 2,488 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Peakstone Realty Trust in the fourth quarter valued at $30,000. Spire Wealth Management bought a new stake in Peakstone Realty Trust in the fourth quarter worth $30,000.
Finally, Golden State Wealth Management LLC purchased a new stake in Peakstone Realty Trust during the fourth quarter valued at $31,000. Institutional investors own 38.98% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts have recently commented on PKST shares. Truist Financial lifted their target price on Peakstone Realty Trust from $13.00 to $15.
00 and gave the stock a “hold” rating in a report on Monday, March 24th. UBS Group assumed coverage on shares of Peakstone Realty Trust in a research report on Thursday, January 16th. They set a “buy” rating and a $15.
00 price objective on the stock. Peakstone Realty Trust Trading Down 2.8 % Shares of NYSE PKST opened at $12.
00 on Friday. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $16.
26. The firm has a market cap of $441.06 million, a PE ratio of -42.
86 and a beta of 1.70. The business has a fifty day simple moving average of $11.
89 and a two-hundred day simple moving average of $12.10. The company has a quick ratio of 5.
24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03.
Peakstone Realty Trust ( NYSE:PKST – Get Free Report ) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of ($0.
20) by $0.85. Peakstone Realty Trust had a negative net margin of 4.
38% and a negative return on equity of 0.85%. The company had revenue of $57.
93 million during the quarter, compared to the consensus estimate of $54.68 million. Analysts expect that Peakstone Realty Trust will post 2.
13 earnings per share for the current fiscal year. Peakstone Realty Trust Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a dividend of $0.
225 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.
90 annualized dividend and a dividend yield of 7.50%. Peakstone Realty Trust’s dividend payout ratio is presently -321.
43%. Peakstone Realty Trust Company Profile ( Free Report ) 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.
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