Spire Wealth Management Makes New $30,000 Investment in Peakstone Realty Trust (NYSE:PKST)

Spire Wealth Management acquired a new stake in shares of Peakstone Realty Trust (NYSE:PKST) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,702 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors have also modified their holdings of PKST. International Assets Investment Management LLC raised its position in shares of Peakstone Realty Trust by 1,600.9% during the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after purchasing an additional 175,008 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Peakstone Realty Trust by 106.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after buying an additional 65,137 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Peakstone Realty Trust during the third quarter valued at approximately $781,000. Centaurus Financial Inc. lifted its position in shares of Peakstone Realty Trust by 4.1% in the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock valued at $17,081,000 after acquiring an additional 49,769 shares in the last quarter. Finally, Barclays PLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

PKST stock opened at $10.78 on Monday. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The firm has a market capitalization of $392.03 million, a PE ratio of -9.13 and a beta of 2.58. The business has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $12.71.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PKST. Truist Financial raised their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. UBS Group began coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 price target on the stock.

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.