Charles Schwab Investment Management Inc. Grows Holdings in Peakstone Realty Trust (NYSE:PKST)

Charles Schwab Investment Management Inc. lifted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 363,410 shares of the company’s stock after buying an additional 12,403 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Peakstone Realty Trust were worth $4,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Spire Wealth Management acquired a new position in Peakstone Realty Trust during the 4th quarter worth $30,000. Golden State Wealth Management LLC acquired a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Peakstone Realty Trust during the fourth quarter worth about $39,000. Geneos Wealth Management Inc. acquired a new position in Peakstone Realty Trust in the fourth quarter worth about $67,000. Finally, FMR LLC increased its holdings in Peakstone Realty Trust by 143.3% in the third quarter. FMR LLC now owns 8,982 shares of the company’s stock valued at $122,000 after buying an additional 5,290 shares during the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $12.56 on Thursday. 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 one year low of $9.89 and a one year high of $16.86. The company has a 50-day simple moving average of $11.35 and a 200-day simple moving average of $12.42. The firm has a market capitalization of $461.64 million, a PE ratio of -44.86 and a beta of 2.41.

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

Peakstone Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.225 per share. The ex-dividend date is Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a yield of 7.17%. Peakstone Realty Trust’s dividend payout ratio is currently -321.43%.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group assumed coverage on Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 target price on the stock. Truist Financial upped their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Monday.

Peakstone Realty Trust 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.