Peakstone Realty Trust (NYSE:PKST) Stock Holdings Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,726 shares of the company’s stock after selling 1,331 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Peakstone Realty Trust were worth $234,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Huntington National Bank bought a new stake in shares of Peakstone Realty Trust during the 3rd quarter worth $26,000. Tower Research Capital LLC TRC purchased a new stake in shares of Peakstone Realty Trust in the second quarter valued at $43,000. Fortis Group Advisors LLC purchased a new stake in shares of Peakstone Realty Trust in the third quarter valued at $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Peakstone Realty Trust in the second quarter valued at $57,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Peakstone Realty Trust in the second quarter valued at $64,000. 38.98% of the stock is owned by institutional investors.

Peakstone Realty Trust Price Performance

PKST opened at $12.88 on Friday. The stock has a fifty day moving average of $14.70 and a 200-day moving average of $15.72. The firm has a market capitalization of $467.67 million and a P/E ratio of -0.83. Peakstone Realty Trust has a 12-month low of $12.10 and a 12-month high of $43.00. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 1.19.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($1.20). Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. The firm had revenue of $63.06 million for the quarter, compared to analysts’ expectations of $62.07 million. Equities analysts forecast that Peakstone Realty Trust will post 3.03 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 29th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.90 annualized dividend and a dividend yield of 6.99%. Peakstone Realty Trust’s dividend payout ratio is -5.80%.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday.

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.