Integrated Advisors Network LLC Sells 1,920 Shares of Peakstone Realty Trust (NYSE:PKST)

Integrated Advisors Network LLC lowered its position in Peakstone Realty Trust (NYSE:PKST) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,048 shares of the company’s stock after selling 1,920 shares during the period. Integrated Advisors Network LLC owned about 0.06% of Peakstone Realty Trust worth $301,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new position in shares of Peakstone Realty Trust in the third quarter valued at approximately $30,000. Tsfg LLC increased its holdings in Peakstone Realty Trust by 43.0% during the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Peakstone Realty Trust in the 2nd quarter valued at about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Peakstone Realty Trust in the 1st quarter valued at about $48,000. Finally, Fortis Group Advisors LLC lifted its holdings in shares of Peakstone Realty Trust by 18.3% in the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after purchasing an additional 970 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price objective on shares of Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st.

Peakstone Realty Trust Stock Performance

PKST opened at $13.01 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 8.03 and a quick ratio of 8.03. The company has a market capitalization of $473.25 million, a PE ratio of -11.03 and a beta of 2.63. The business has a fifty day simple moving average of $13.76 and a 200 day simple moving average of $13.03. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

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.