Geode Capital Management LLC Buys 10,722 Shares of Peakstone Realty Trust (NYSE:PKST)

Geode Capital Management LLC lifted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 922,638 shares of the company’s stock after acquiring an additional 10,722 shares during the quarter. Geode Capital Management LLC’s holdings in Peakstone Realty Trust were worth $12,578,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PKST. Barclays PLC grew its stake in Peakstone Realty Trust by 318.6% during the third quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after purchasing an additional 42,681 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Peakstone Realty Trust by 9.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 47,000 shares of the company’s stock worth $641,000 after purchasing an additional 4,000 shares during the period. Orion Portfolio Solutions LLC grew its stake in Peakstone Realty Trust by 37.6% during the third quarter. Orion Portfolio Solutions LLC now owns 21,027 shares of the company’s stock worth $287,000 after purchasing an additional 5,746 shares during the period. Jane Street Group LLC grew its stake in Peakstone Realty Trust by 83.6% during the third quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock worth $1,236,000 after purchasing an additional 41,313 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in Peakstone Realty Trust during the third quarter worth approximately $141,000. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Trading Down 0.6 %

Shares of Peakstone Realty Trust stock opened at $11.00 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $20.21. The stock has a 50 day moving average price of $12.90 and a two-hundred day moving average price of $12.89. The stock has a market capitalization of $400.20 million, a PE ratio of -9.32 and a beta of 2.50.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.225 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 dividend on an annualized basis and a yield of 8.18%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

Analyst Ratings Changes

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.