Dimensional Fund Advisors LP Boosts Holdings in Peakstone Realty Trust (NYSE:PKST)

Dimensional Fund Advisors LP lifted its holdings in Peakstone Realty Trust (NYSE:PKST) by 98.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,985 shares of the company’s stock after buying an additional 24,266 shares during the period. Dimensional Fund Advisors LP owned approximately 0.13% of Peakstone Realty Trust worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PKST. First Trust Advisors LP acquired a new stake in Peakstone Realty Trust during the fourth quarter worth about $127,000. Barclays PLC raised its stake in shares of Peakstone Realty Trust by 11.6% in the 4th quarter. Barclays PLC now owns 62,602 shares of the company’s stock valued at $693,000 after acquiring an additional 6,524 shares during the period. SageView Advisory Group LLC purchased a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at approximately $114,000. Raymond James Financial Inc. purchased a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at approximately $145,000. Finally, Martingale Asset Management L P raised its stake in shares of Peakstone Realty Trust by 79.1% in the 4th quarter. Martingale Asset Management L P now owns 22,329 shares of the company’s stock valued at $247,000 after acquiring an additional 9,861 shares during the period. 38.98% of the stock is owned by hedge funds and other institutional investors.

Peakstone Realty Trust Trading Up 1.1%

NYSE PKST opened at $12.44 on Friday. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $16.26. The firm has a 50 day simple moving average of $12.06 and a 200-day simple moving average of $11.89. 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 firm has a market cap of $457.09 million, a price-to-earnings ratio of -44.41 and a beta of 1.73.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. The company had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. Equities research analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.225 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a yield of 7.24%. Peakstone Realty Trust’s dividend payout ratio is currently -50.85%.

Analysts Set New Price Targets

Several research firms have recently commented on PKST. Truist Financial raised their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, March 24th. UBS Group raised their price objective on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday.

Peakstone Realty Trust Company 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.