Focus Partners Wealth Has $216,000 Stock Position in Peakstone Realty Trust (NYSE:PKST)

Focus Partners Wealth raised its holdings in Peakstone Realty Trust (NYSE:PKST) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,538 shares of the company’s stock after buying an additional 963 shares during the quarter. Focus Partners Wealth owned 0.05% of Peakstone Realty Trust worth $216,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PKST. SG Americas Securities LLC lifted its stake in Peakstone Realty Trust by 13.9% in the fourth quarter. SG Americas Securities LLC now owns 15,742 shares of the company’s stock valued at $174,000 after buying an additional 1,919 shares during the period. Geneos Wealth Management Inc. acquired a new position in Peakstone Realty Trust in the fourth quarter valued at approximately $67,000. PFG Investments LLC lifted its stake in Peakstone Realty Trust by 23.4% in the fourth quarter. PFG Investments LLC now owns 13,130 shares of the company’s stock valued at $145,000 after buying an additional 2,488 shares during the period. Spire Wealth Management acquired a new position in Peakstone Realty Trust in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in Peakstone Realty Trust in the fourth quarter valued at approximately $39,000. 38.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PKST shares. Truist Financial boosted their price target on 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 boosted their price target on Peakstone Realty Trust from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th.

Peakstone Realty Trust Trading Up 0.2%

NYSE PKST opened at $11.98 on Friday. The company has a market cap of $440.36 million, a price-to-earnings ratio of -42.79 and a beta of 1.73. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26. The business has a 50 day moving average price of $12.03 and a 200-day moving average price of $11.85. 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 (NYSE:PKST) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.85. The firm had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. As a group, equities analysts expect that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 7.51%. Peakstone Realty Trust’s dividend payout ratio is -50.85%.

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.