Allworth Financial LP Buys 919 Shares of Peakstone Realty Trust (NYSE:PKST)

Allworth Financial LP grew its position in shares of Peakstone Realty Trust (NYSE:PKST) by 26.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,418 shares of the company’s stock after acquiring an additional 919 shares during the quarter. Allworth Financial LP’s holdings in Peakstone Realty Trust were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PKST. Focus Partners Wealth boosted its position in Peakstone Realty Trust by 5.2% in the fourth quarter. Focus Partners Wealth now owns 19,538 shares of the company’s stock worth $216,000 after purchasing an additional 963 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Peakstone Realty Trust by 5.8% during the 1st quarter. Ameritas Advisory Services LLC now owns 22,140 shares of the company’s stock worth $256,000 after purchasing an additional 1,212 shares during the period. Waverly Advisors LLC raised its stake in shares of Peakstone Realty Trust by 11.9% during the 4th quarter. Waverly Advisors LLC now owns 12,126 shares of the company’s stock worth $134,000 after purchasing an additional 1,290 shares during the period. PFG Investments LLC boosted its holdings in shares of Peakstone Realty Trust by 16.2% in the 1st quarter. PFG Investments LLC now owns 15,257 shares of the company’s stock worth $192,000 after buying an additional 2,127 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in Peakstone Realty Trust during the fourth quarter valued at about $30,000. Institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Peakstone Realty Trust Price Performance

Shares of NYSE:PKST opened at $13.62 on Friday. The firm has a market capitalization of $500.81 million, a PE ratio of -7.69 and a beta of 1.74. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $12.97 and a two-hundred day moving average price of $11.99. Peakstone Realty Trust has a twelve month low of $10.14 and a twelve month high of $16.26.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were issued a dividend of $0.225 per share. The ex-dividend date was Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a yield of 6.61%. Peakstone Realty Trust’s 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.