Vanguard Group Inc. Sells 15,784 Shares of Peakstone Realty Trust $PKST

Vanguard Group Inc. cut its holdings in Peakstone Realty Trust (NYSE:PKST) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,634,477 shares of the company’s stock after selling 15,784 shares during the period. Vanguard Group Inc. owned about 9.89% of Peakstone Realty Trust worth $45,794,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in Peakstone Realty Trust in the first quarter valued at approximately $35,000. Arkadios Wealth Advisors raised its position in shares of Peakstone Realty Trust by 5.3% in the first quarter. Arkadios Wealth Advisors now owns 18,146 shares of the company’s stock worth $229,000 after buying an additional 911 shares in the last quarter. TCW Group Inc. purchased a new stake in shares of Peakstone Realty Trust in the first quarter worth $1,717,000. Drive Wealth Management LLC bought a new position in Peakstone Realty Trust in the first quarter valued at $398,000. Finally, Brookwood Investment Group LLC bought a new position in Peakstone Realty Trust in the first quarter valued at $298,000. 38.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PKST. Truist Financial increased their target price on Peakstone Realty Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. UBS Group increased their target price on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Peakstone Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Peakstone Realty Trust Price Performance

Shares of PKST opened at $12.67 on Tuesday. The firm has a market cap of $466.13 million, a PE ratio of -1.43 and a beta of 1.75. The company has a current ratio of 5.02, a quick ratio of 5.02 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $12.42. Peakstone Realty Trust has a 1-year low of $10.14 and a 1-year high of $16.26.

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.