1 day Ago By ABMN Staff
Legal & General Group Plc reduced its stake in shares of Peakstone Realty Trust ( NYSE:PKST – Free Report ) by 8.7% in the fourth quarter, HoldingsChannel.com reports.
The fund owned 38,303 shares of the company’s stock after selling 3,668 shares during the quarter. Legal & General Group Plc’s holdings in Peakstone Realty Trust were worth $424,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Spire Wealth Management purchased a new position in shares of Peakstone Realty Trust in the 4th quarter worth about $30,000. AlphaQuest LLC purchased a new stake in Peakstone Realty Trust in the fourth quarter worth approximately $30,000. Golden State Wealth Management LLC bought a new position in Peakstone Realty Trust during the fourth quarter valued at approximately $31,000.
Financial Life Planners purchased a new position in shares of Peakstone Realty Trust during the fourth quarter worth approximately $39,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Peakstone Realty Trust in the 4th quarter worth approximately $67,000.
Institutional investors own 38.98% of the company’s stock. Peakstone Realty Trust Stock Down 1.
6 % Shares of Peakstone Realty Trust stock opened at $11.72 on Wednesday. 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 52-week low of $9.89 and a 52-week high of $16.26.
The company’s 50 day moving average price is $11.96 and its 200-day moving average price is $12.05.
The stock has a market capitalization of $430.88 million, a price-to-earnings ratio of -41.87 and a beta of 1.
70. Peakstone Realty Trust Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.
225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.
68%. The ex-dividend date of this dividend was Monday, March 31st. Peakstone Realty Trust’s payout ratio is -321.
43%. Analyst Ratings Changes PKST has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Peakstone Realty Trust from $13.
00 to $15.00 and gave the stock a “hold” rating in a research report on Monday, March 24th. UBS Group assumed coverage on Peakstone Realty Trust in a report on Thursday, January 16th.
They issued a “buy” rating and a $15.00 price objective on the stock. Get Our Latest Report on PKST About Peakstone Realty Trust ( 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. Featured Stories Want to see what other hedge funds are holding PKST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peakstone Realty Trust ( NYSE:PKST – Free Report ).
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