GAMMA Investing LLC Purchases 73,370 Shares of Peakstone Realty Trust (NYSE:PKST)

GAMMA Investing LLC increased its position in shares of Peakstone Realty Trust (NYSE:PKST) by 4,623.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,957 shares of the company’s stock after buying an additional 73,370 shares during the period. GAMMA Investing LLC owned 0.20% of Peakstone Realty Trust worth $944,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its position in shares of Peakstone Realty Trust by 458.1% during the fourth quarter. Invesco Ltd. now owns 675,048 shares of the company’s stock worth $7,473,000 after acquiring an additional 554,091 shares in the last quarter. Raffles Associates LP boosted its holdings in Peakstone Realty Trust by 225.1% during the fourth quarter. Raffles Associates LP now owns 129,987 shares of the company’s stock worth $1,439,000 after purchasing an additional 90,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Peakstone Realty Trust by 64.0% during the fourth quarter. JPMorgan Chase & Co. now owns 207,463 shares of the company’s stock worth $2,297,000 after purchasing an additional 80,980 shares during the last quarter. Northern Trust Corp boosted its holdings in Peakstone Realty Trust by 16.4% during the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company’s stock worth $4,101,000 after purchasing an additional 52,119 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in Peakstone Realty Trust by 204.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 74,263 shares of the company’s stock worth $798,000 after purchasing an additional 49,898 shares during the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Up 0.7%

Peakstone Realty Trust stock opened at $12.96 on Tuesday. 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 $476.47 million, a PE ratio of -46.27 and a beta of 1.73. The firm’s 50-day simple moving average is $12.12 and its 200 day simple moving average is $11.76. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24.

Peakstone Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend is Monday, June 30th. Peakstone Realty Trust’s payout ratio is -50.85%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PKST shares. Truist Financial boosted their price target on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. UBS Group boosted their price target on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th.

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.