Barclays PLC Boosts Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

Barclays PLC increased its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 318.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,078 shares of the company’s stock after purchasing an additional 42,681 shares during the quarter. Barclays PLC owned 0.15% of Peakstone Realty Trust worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Centaurus Financial Inc. increased its position in Peakstone Realty Trust by 4.1% during the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock valued at $17,081,000 after acquiring an additional 49,769 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Peakstone Realty Trust by 1,600.9% in the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after purchasing an additional 175,008 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Peakstone Realty Trust by 14.8% in the second quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company’s stock worth $1,750,000 after buying an additional 21,333 shares during the period. Sigma Planning Corp raised its position in shares of Peakstone Realty Trust by 22.8% during the 3rd quarter. Sigma Planning Corp now owns 140,553 shares of the company’s stock valued at $1,916,000 after purchasing an additional 26,085 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Peakstone Realty Trust by 102.3% in the second quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock valued at $1,154,000 after acquiring an additional 55,071 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

Shares of Peakstone Realty Trust stock opened at $11.07 on Wednesday. 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 firm has a market cap of $402.75 million, a PE ratio of -9.38 and a beta of 2.51. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $20.21. The stock has a 50 day moving average of $12.80 and a 200 day moving average of $12.88.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 8.13%. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -76.27%.

Analyst Ratings Changes

Separately, Truist Financial lifted 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.

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.