Peakstone Realty Trust (NYSE:PKST) Releases Earnings Results, Beats Expectations By $0.85 EPS

Peakstone Realty Trust (NYSE:PKST) announced its earnings results on Thursday. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.85, Zacks reports. Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%.

Peakstone Realty Trust Price Performance

Shares of NYSE PKST traded up $0.12 during mid-day trading on Thursday, reaching $10.70. The company had a trading volume of 176,452 shares, compared to its average volume of 167,741. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. The stock has a market cap of $389.43 million, a PE ratio of -9.07 and a beta of 2.58. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $11.06 and a two-hundred day moving average price of $12.55.

Analyst Ratings Changes

PKST has been the subject of a number of research analyst reports. Truist Financial upped their price target 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 shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 target price for the company.

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.