Nisa Investment Advisors LLC Sells 1,896 Shares of Peakstone Realty Trust (NYSE:PKST)

Nisa Investment Advisors LLC lowered its holdings in Peakstone Realty Trust (NYSE:PKST) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,240 shares of the company’s stock after selling 1,896 shares during the period. Nisa Investment Advisors LLC’s holdings in Peakstone Realty Trust were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Peakstone Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company’s stock worth $4,023,000 after buying an additional 12,403 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Peakstone Realty Trust during the 4th quarter worth about $144,000. Raymond James Financial Inc. acquired a new stake in shares of Peakstone Realty Trust during the 4th quarter worth about $145,000. AlphaQuest LLC acquired a new stake in shares of Peakstone Realty Trust during the 4th quarter worth about $30,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Peakstone Realty Trust by 18.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 117,855 shares of the company’s stock worth $1,305,000 after buying an additional 18,212 shares during the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $13.62 on Friday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $500.88 million, a P/E ratio of -7.70 and a beta of 1.74. The business has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $11.97. Peakstone Realty Trust has a 12 month low of $10.14 and a 12 month high of $16.26.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Monday, June 30th. Peakstone Realty Trust’s dividend payout ratio is presently -50.85%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. UBS Group increased their price target on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a “buy” rating in a research 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.