Strid Group LLC Has $415,000 Position in Peakstone Realty Trust (NYSE:PKST)

Strid Group LLC reduced its position in shares of Peakstone Realty Trust (NYSE:PKST) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,801 shares of the company’s stock after selling 2,720 shares during the quarter. Strid Group LLC’s holdings in Peakstone Realty Trust were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in Peakstone Realty Trust during the second quarter worth $154,000. Envestnet Asset Management Inc. purchased a new stake in shares of Peakstone Realty Trust during the second quarter worth $935,000. Rhumbline Advisers bought a new stake in shares of Peakstone Realty Trust during the second quarter valued at about $1,183,000. Citigroup Inc. bought a new position in Peakstone Realty Trust in the 2nd quarter valued at $231,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Peakstone Realty Trust in the 2nd quarter worth about $11,887,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday.

Peakstone Realty Trust Stock Up 1.5 %

Shares of NYSE PKST traded up $0.18 during mid-day trading on Thursday, hitting $12.47. 64,929 shares of the stock traded hands, compared to its average volume of 158,165. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $14.81 and a 200-day moving average price of $15.77. Peakstone Realty Trust has a 52 week low of $12.19 and a 52 week high of $47.00.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($1.20). The company had revenue of $63.06 million for the quarter, compared to analysts’ expectations of $62.07 million. Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. As a group, research analysts forecast that Peakstone Realty Trust will post 2.82 EPS for the current year.

Peakstone Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend is Wednesday, March 27th. Peakstone Realty Trust’s payout ratio is -5.80%.

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.