Harbour Investments Inc. Raises Stock Position in Peakstone Realty Trust (NYSE:PKST)

Harbour Investments Inc. grew its position in Peakstone Realty Trust (NYSE:PKST) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,014 shares of the company’s stock after buying an additional 1,871 shares during the period. Harbour Investments Inc. owned 0.09% of Peakstone Realty Trust worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tsfg LLC raised its holdings in Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock valued at $31,000 after buying an additional 882 shares during the period. Fortis Group Advisors LLC raised its stake in shares of Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after acquiring an additional 970 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Peakstone Realty Trust by 8.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock worth $149,000 after acquiring an additional 1,089 shares during the last quarter. Accel Wealth Management boosted its position in shares of Peakstone Realty Trust by 13.0% during the 2nd quarter. Accel Wealth Management now owns 11,914 shares of the company’s stock worth $126,000 after purchasing an additional 1,373 shares during the period. Finally, Rhumbline Advisers increased its holdings in Peakstone Realty Trust by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 58,050 shares of the company’s stock valued at $615,000 after purchasing an additional 1,569 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped 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.

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $12.74 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The company has a market cap of $463.48 million, a P/E ratio of -10.80 and a beta of 2.57. The stock has a 50-day moving average of $13.81 and a two-hundred day 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 7.06%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is -76.27%.

Peakstone Realty Trust Company 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.