Cetera Investment Advisers Sells 10,330 Shares of Peakstone Realty Trust $PKST

Cetera Investment Advisers cut its position in Peakstone Realty Trust (NYSE:PKST) by 7.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 125,908 shares of the company’s stock after selling 10,330 shares during the period. Cetera Investment Advisers owned approximately 0.34% of Peakstone Realty Trust worth $1,661,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PKST. Brookwood Investment Group LLC increased its position in shares of Peakstone Realty Trust by 69.4% during the second quarter. Brookwood Investment Group LLC now owns 39,992 shares of the company’s stock valued at $528,000 after acquiring an additional 16,378 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Peakstone Realty Trust by 23.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,573 shares of the company’s stock valued at $363,000 after purchasing an additional 5,165 shares during the last quarter. MBL Wealth LLC purchased a new stake in Peakstone Realty Trust during the 2nd quarter valued at $140,000. GAMMA Investing LLC increased its holdings in shares of Peakstone Realty Trust by 55.1% in the 2nd quarter. GAMMA Investing LLC now owns 9,225 shares of the company’s stock worth $122,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Peakstone Realty Trust by 14.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,690 shares of the company’s stock worth $162,000 after purchasing an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

NYSE PKST opened at $13.67 on Monday. The company has a 50-day moving average price of $13.53 and a 200-day moving average price of $13.26. Peakstone Realty Trust has a 52 week low of $10.14 and a 52 week high of $15.40. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $502.92 million, a P/E ratio of -1.68 and a beta of 1.75.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 19th. Shareholders of record on Wednesday, December 31st will be given a $0.10 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.40 annualized dividend and a yield of 2.9%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -4.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PKST. UBS Group upped their price target on Peakstone Realty Trust from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Zacks Research upgraded shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Truist Financial upgraded shares of Peakstone Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $16.00 to $19.00 in a research report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Peakstone Realty Trust in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

About Peakstone Realty Trust

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.