Peakstone Realty Trust (NYSE:PKST – Get Free Report) announced a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Investors of record on Monday, September 30th will be given a dividend of 0.225 per share on Thursday, October 17th. This represents a $0.90 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Monday, September 30th.
Peakstone Realty Trust has a payout ratio of -169.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Peakstone Realty Trust to earn $2.49 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 36.1%.
Peakstone Realty Trust Price Performance
NYSE PKST opened at $13.93 on Friday. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $21.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 8.03 and a current ratio of 8.03. The stock has a market capitalization of $505.74 million, a PE ratio of -0.90 and a beta of 2.63. The stock has a 50-day simple moving average of $13.37 and a 200 day simple moving average of $13.34.
Analyst Upgrades and Downgrades
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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.
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