Choice Wealth Advisors LLC Sells 1,980 Shares of Peakstone Realty Trust (NYSE:PKST)

Choice Wealth Advisors LLC reduced its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,513 shares of the company’s stock after selling 1,980 shares during the period. Peakstone Realty Trust comprises about 0.2% of Choice Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Choice Wealth Advisors LLC’s holdings in Peakstone Realty Trust were worth $327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Peakstone Realty Trust by 106.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after acquiring an additional 65,137 shares in the last quarter. Barclays PLC boosted its holdings in Peakstone Realty Trust by 318.6% during the third quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after purchasing an additional 42,681 shares during the last quarter. Geode Capital Management LLC grew its position in Peakstone Realty Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after purchasing an additional 10,722 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Peakstone Realty Trust by 9.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 47,000 shares of the company’s stock valued at $641,000 after buying an additional 4,000 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Peakstone Realty Trust by 37.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,027 shares of the company’s stock worth $287,000 after buying an additional 5,746 shares in the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

Peakstone Realty Trust Stock Performance

Shares of PKST stock opened at $11.24 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The firm has a market cap of $409.02 million, a price-to-earnings ratio of -9.53 and a beta of 2.59. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.86. The firm’s 50-day simple moving average is $12.14 and its two-hundred day simple moving average is $12.86.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.225 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 8.00%. Peakstone Realty Trust’s payout ratio is -76.27%.

Analyst Ratings Changes

Several research firms have recently issued reports on PKST. Truist Financial upped their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. UBS Group initiated coverage on Peakstone Realty Trust in a research report on Thursday. They issued a “buy” rating and a $15.00 price objective on the stock.

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.