Arkhouse Management Co. LP Invests $501,000 in Peakstone Realty Trust $PKST

Arkhouse Management Co. LP bought a new stake in Peakstone Realty Trust (NYSE:PKST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,206 shares of the company’s stock, valued at approximately $501,000. Peakstone Realty Trust accounts for approximately 1.4% of Arkhouse Management Co. LP’s portfolio, making the stock its 10th biggest position. Arkhouse Management Co. LP owned approximately 0.10% of Peakstone Realty Trust at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PKST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Peakstone Realty Trust by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,715 shares of the company’s stock valued at $274,000 after acquiring an additional 936 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Peakstone Realty Trust by 1,051.7% in the first quarter. Jones Financial Companies Lllp now owns 4,791 shares of the company’s stock valued at $60,000 after acquiring an additional 4,375 shares in the last quarter. Strs Ohio purchased a new stake in Peakstone Realty Trust in the 1st quarter valued at about $89,000. Envestnet Asset Management Inc. increased its holdings in Peakstone Realty Trust by 23.0% in 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 in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Peakstone Realty Trust by 8.7% in the 2nd quarter. Intech Investment Management LLC now owns 19,494 shares of the company’s stock valued at $258,000 after purchasing an additional 1,552 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of PKST stock opened at $20.82 on Friday. The stock has a market cap of $773.90 million, a PE ratio of -2.48 and a beta of 1.46. The stock has a 50-day moving average of $18.18 and a 200-day moving average of $15.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.83 and a quick ratio of 2.83. Peakstone Realty Trust has a one year low of $10.70 and a one year high of $20.97.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.66). The firm had revenue of $25.99 million during the quarter, compared to the consensus estimate of $28.57 million. Peakstone Realty Trust had a negative net margin of 189.03% and a negative return on equity of 39.44%. As a group, sell-side analysts expect that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Analyst Ratings Changes

PKST has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Truist Financial cut shares of Peakstone Realty Trust from a “buy” rating to a “hold” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research report on Thursday, January 22nd. Finally, UBS Group cut Peakstone Realty Trust from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $21.00 in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $21.00.

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.