Captrust Financial Advisors Takes $781,000 Position in Peakstone Realty Trust (NYSE:PKST)

Captrust Financial Advisors purchased a new position in shares of Peakstone Realty Trust (NYSE:PKST) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 57,287 shares of the company’s stock, valued at approximately $781,000. Captrust Financial Advisors owned about 0.16% of Peakstone Realty Trust at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fortitude Family Office LLC bought a new position in shares of Peakstone Realty Trust in the third quarter worth approximately $30,000. Tsfg LLC boosted its position in Peakstone Realty Trust by 43.0% during the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock valued at $31,000 after buying an additional 882 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Peakstone Realty Trust in the 2nd quarter worth $43,000. Fortis Group Advisors LLC increased its position in shares of Peakstone Realty Trust by 18.3% in the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after acquiring an additional 970 shares during the period. Finally, Arizona State Retirement System bought a new position in shares of Peakstone Realty Trust during the second quarter valued at about $108,000. 38.98% of the stock is owned by hedge funds and other institutional investors.

Peakstone Realty Trust Price Performance

PKST opened at $12.80 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The stock has a market capitalization of $465.66 million, a PE ratio of -10.80 and a beta of 2.51. The stock’s 50 day moving average price is $13.40 and its 200-day moving average price is $12.91. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73.

Peakstone Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 7.03%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

Analysts Set New Price Targets

Separately, Truist Financial raised their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th.

Peakstone Realty Trust Company Profile

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.