Bleakley Financial Group LLC Purchases New Stake in Peakstone Realty Trust (NYSE:PKST)

Bleakley Financial Group LLC bought a new position in shares of Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, HoldingsChannel.com reports. The firm bought 11,165 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Peakstone Realty Trust by 4.7% during the third quarter. Vanguard Group Inc. now owns 1,823,509 shares of the company’s stock worth $30,343,000 after buying an additional 81,169 shares during the last quarter. Swiss National Bank bought a new position in Peakstone Realty Trust during the third quarter worth about $1,316,000. Sunbelt Securities Inc. boosted its holdings in Peakstone Realty Trust by 34.6% during the third quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock worth $45,000 after buying an additional 703 shares during the last quarter. Retirement Financial Solutions LLC boosted its holdings in Peakstone Realty Trust by 7.9% during the fourth quarter. Retirement Financial Solutions LLC now owns 25,809 shares of the company’s stock worth $514,000 after buying an additional 1,898 shares during the last quarter. Finally, Csenge Advisory Group boosted its holdings in Peakstone Realty Trust by 17.9% during the third quarter. Csenge Advisory Group now owns 10,232 shares of the company’s stock worth $170,000 after buying an additional 1,556 shares during the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Trading Down 3.0 %

Shares of PKST opened at $13.36 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.89 and a current ratio of 5.89. Peakstone Realty Trust has a 1 year low of $12.29 and a 1 year high of $47.00. The stock’s 50-day moving average price is $14.88 and its two-hundred day moving average price is $15.82.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($1.20). The business had revenue of $63.06 million for the quarter, compared to analyst estimates of $62.07 million. Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. Equities analysts expect that Peakstone Realty Trust will post 2.82 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, March 29th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date is Wednesday, March 27th. Peakstone Realty Trust’s dividend payout ratio is currently -5.80%.

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.