Price T Rowe Associates Inc. MD Grows Holdings in Peakstone Realty Trust (NYSE:PKST)

Price T Rowe Associates Inc. MD boosted its holdings in Peakstone Realty Trust (NYSE:PKST) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,591 shares of the company’s stock after purchasing an additional 2,862 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Peakstone Realty Trust were worth $162,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PKST. JPMorgan Chase & Co. raised its position in Peakstone Realty Trust by 106.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after buying an additional 65,137 shares during the last quarter. ARS Investment Partners LLC purchased a new position in Peakstone Realty Trust during the 4th quarter worth $299,000. Clear Harbor Asset Management LLC raised its position in Peakstone Realty Trust by 125.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 72,888 shares of the company’s stock worth $807,000 after buying an additional 40,626 shares during the last quarter. SG Americas Securities LLC raised its position in Peakstone Realty Trust by 13.9% during the 4th quarter. SG Americas Securities LLC now owns 15,742 shares of the company’s stock worth $174,000 after buying an additional 1,919 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in Peakstone Realty Trust during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

NYSE:PKST opened at $12.44 on Friday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.26. The stock has a market cap of $457.09 million, a PE ratio of -44.41 and a beta of 1.73. The firm’s fifty day simple moving average is $12.06 and its 200-day simple moving average is $11.88.

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

Peakstone Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 7.24%. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -50.85%.

Wall Street Analysts Forecast Growth

PKST has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 13th. Truist Financial upped their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, March 24th.

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.