Peakstone Realty Trust (NYSE:PKST) Given New $15.00 Price Target at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its target price boosted by Truist Financial from $13.00 to $15.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Separately, UBS Group assumed coverage on shares of Peakstone Realty Trust in a research report on Thursday, January 16th. They issued a “buy” rating and a $15.00 price target for the company.

Peakstone Realty Trust Trading Up 0.5 %

NYSE PKST opened at $13.25 on Monday. The stock has a market cap of $487.00 million, a P/E ratio of -47.32 and a beta of 2.41. The stock’s fifty day moving average price is $11.28 and its 200-day moving average price is $12.43. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.86. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03.

Peakstone Realty Trust (NYSE:PKST) last posted its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.85. The business had revenue of $57.93 million for the quarter, compared to analysts’ expectations of $54.68 million. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. As a group, equities analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust’s payout ratio is -321.43%.

Institutional Trading of Peakstone Realty Trust

Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in Peakstone Realty Trust by 318.6% in the 3rd quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after acquiring an additional 42,681 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Peakstone Realty Trust by 106.2% during the third 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 during the period. Geode Capital Management LLC raised its stake in shares of Peakstone Realty Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after purchasing an additional 10,722 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of 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 last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Peakstone Realty Trust in the fourth quarter valued at approximately $144,000. 38.98% of the stock is currently owned by institutional investors.

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.