Tsfg LLC Boosts Stock Position in Peakstone Realty Trust (NYSE:PKST)

Tsfg LLC boosted its position in shares of Peakstone Realty Trust (NYSE:PKST) by 128.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,051 shares of the company’s stock after acquiring an additional 1,152 shares during the period. Tsfg LLC’s holdings in Peakstone Realty Trust were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Fortis Group Advisors LLC acquired a new position in Peakstone Realty Trust during the 3rd quarter valued at approximately $26,000. Bare Financial Services Inc acquired a new position in shares of Peakstone Realty Trust in the 4th quarter valued at $29,000. Sunbelt Securities Inc. increased its position in shares of Peakstone Realty Trust by 34.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after acquiring an additional 703 shares during the period. Sound Income Strategies LLC raised its stake in Peakstone Realty Trust by 129.2% in the 4th quarter. Sound Income Strategies LLC now owns 2,828 shares of the company’s stock worth $56,000 after acquiring an additional 1,594 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in Peakstone Realty Trust during the 4th quarter worth about $63,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Performance

Peakstone Realty Trust stock opened at $10.59 on Friday. The firm has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $14.86. The company has a debt-to-equity ratio of 1.18, a current ratio of 7.90 and a quick ratio of 7.90. Peakstone Realty Trust has a 1-year low of $10.08 and a 1-year high of $30.79.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.90 annualized dividend and a yield of 8.50%. Peakstone Realty Trust’s dividend payout ratio (DPR) is -5.79%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on shares of Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th.

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.