37,900 Shares in Peakstone Realty Trust $PKST Acquired by Bailard Inc.

Bailard Inc. purchased a new stake in Peakstone Realty Trust (NYSE:PKST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,900 shares of the company’s stock, valued at approximately $497,000. Bailard Inc. owned 0.10% of Peakstone Realty Trust as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Peakstone Realty Trust by 101.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock worth $26,000 after buying an additional 1,007 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Peakstone Realty Trust during the second quarter worth $26,000. Elevation Point Wealth Partners LLC bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at $35,000. Versant Capital Management Inc boosted its stake in Peakstone Realty Trust by 1,588.6% in the 3rd quarter. Versant Capital Management Inc now owns 3,546 shares of the company’s stock worth $47,000 after purchasing an additional 3,336 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Peakstone Realty Trust by 209.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the company’s stock worth $50,000 after purchasing an additional 2,551 shares during the period. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $14.23 on Friday. The company has a market cap of $523.67 million, a P/E ratio of -1.75 and a beta of 1.71. The firm’s fifty day moving average price is $14.02 and its two-hundred day moving average price is $13.61. Peakstone Realty Trust has a one year low of $10.35 and a one year high of $15.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 5.97 and a quick ratio of 5.97.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 19th. Shareholders of record on Wednesday, December 31st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is currently -4.92%.

Wall Street Analyst Weigh In

Several research firms have commented on PKST. Zacks Research upgraded Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Peakstone Realty Trust in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Peakstone Realty Trust currently has an average rating of “Hold” and a consensus price target of $17.50.

Peakstone Realty Trust Profile

Peakstone Realty Trust, Inc (NYSE: PKST) is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.