Thrivent Financial for Lutherans Sells 28,218 Shares of Peakstone Realty Trust $PKST

Thrivent Financial for Lutherans lessened its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 51.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,603 shares of the company’s stock after selling 28,218 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Peakstone Realty Trust worth $349,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Centaurus Financial Inc. boosted its position in shares of Peakstone Realty Trust by 3.1% in the 2nd quarter. Centaurus Financial Inc. now owns 1,362,668 shares of the company’s stock worth $18,001,000 after purchasing an additional 40,514 shares during the last quarter. Conversant Capital LLC acquired a new position in Peakstone Realty Trust in the second quarter valued at about $15,652,000. Voya Investment Management LLC boosted its holdings in Peakstone Realty Trust by 14.8% during the third quarter. Voya Investment Management LLC now owns 205,069 shares of the company’s stock worth $2,691,000 after buying an additional 26,437 shares during the last quarter. Strs Ohio grew its position in shares of Peakstone Realty Trust by 2,305.6% during the 3rd quarter. Strs Ohio now owns 170,800 shares of the company’s stock worth $2,241,000 after buying an additional 163,700 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Peakstone Realty Trust in the 2nd quarter valued at about $880,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PKST. Zacks Research raised shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Peakstone Realty Trust in a report on Thursday, January 22nd. Truist Financial downgraded Peakstone Realty Trust from a “buy” rating to a “hold” rating and raised their price objective for the stock from $19.00 to $21.00 in a research note on Tuesday, February 3rd. Finally, UBS Group lowered Peakstone Realty Trust from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $21.00 in a report on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $21.00.

Peakstone Realty Trust Trading Up 0.1%

Shares of NYSE:PKST opened at $20.77 on Thursday. The firm has a market cap of $763.94 million, a price-to-earnings ratio of -2.55 and a beta of 1.70. Peakstone Realty Trust has a 12 month low of $10.35 and a 12 month high of $20.97. The company’s fifty day simple moving average is $15.98 and its 200 day simple moving average is $14.29. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.34.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.22). The firm had revenue of $25.99 million during the quarter, compared to analyst estimates of $28.57 million. Peakstone Realty Trust had a negative net margin of 153.27% and a negative return on equity of 32.69%. As a group, research analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Company 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.