Peakstone Realty Trust (NYSE:PKST) Shares Sold by FFG Retirement Advisors LLC

FFG Retirement Advisors LLC lessened its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 11.5% during the 4th quarter, Holdings Channel reports. The fund owned 12,497 shares of the company’s stock after selling 1,618 shares during the quarter. FFG Retirement Advisors LLC’s holdings in Peakstone Realty Trust were worth $138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in Peakstone Realty Trust during the third quarter worth $30,000. Geneos Wealth Management Inc. purchased a new stake in Peakstone Realty Trust in the 4th quarter valued at about $67,000. Fortis Group Advisors LLC lifted its position in 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 buying an additional 970 shares during the last quarter. FMR LLC boosted its stake in Peakstone Realty Trust by 143.3% during the third quarter. FMR LLC now owns 8,982 shares of the company’s stock worth $122,000 after buying an additional 5,290 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Peakstone Realty Trust during the third quarter valued at about $138,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PKST shares. Truist Financial lifted their target price on shares of 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 started 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.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $11.16 on Tuesday. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $16.86. The business has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $12.90. 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 company has a market cap of $406.07 million, a PE ratio of -9.46 and a beta of 2.59.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($1.34). Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%. The firm had revenue of $54.96 million for the quarter, compared to analysts’ expectations of $57.76 million. During the same period last year, the firm posted $0.78 earnings per share. On average, equities research analysts forecast that Peakstone Realty Trust will post 2.46 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.225 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.06%. 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.