Peakstone Realty Trust (NYSE:PKST) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,810 shares of the company’s stock after purchasing an additional 6,602 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.05% of Peakstone Realty Trust worth $220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in Peakstone Realty Trust by 13.9% in the 4th 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. Spire Wealth Management purchased a new stake in Peakstone Realty Trust during the fourth quarter worth about $30,000. Golden State Wealth Management LLC purchased a new stake in shares of Peakstone Realty Trust during the fourth quarter worth approximately $31,000. Rhumbline Advisers increased its stake in shares of Peakstone Realty Trust by 34.6% during the fourth quarter. Rhumbline Advisers now owns 77,894 shares of the company’s stock worth $862,000 after buying an additional 20,011 shares during the period. Finally, Meixler Investment Management Ltd. acquired a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at approximately $603,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group upped their price target on 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 raised their price target on Peakstone Realty Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday.

Peakstone Realty Trust Stock Up 1.7%

PKST opened at $12.87 on Friday. The business’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $11.79. 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 52 week low of $9.89 and a 52 week high of $16.26. The firm has a market cap of $473.23 million, a P/E ratio of -45.96 and a beta of 1.73.

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 paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust’s dividend payout ratio is currently -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.