AQR Capital Management LLC Has $1.15 Million Stake in Peakstone Realty Trust (NYSE:PKST)

AQR Capital Management LLC lifted its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 102.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,887 shares of the company’s stock after purchasing an additional 55,071 shares during the quarter. AQR Capital Management LLC owned 0.30% of Peakstone Realty Trust worth $1,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PKST. Tsfg LLC increased its stake in Peakstone Realty Trust by 43.0% during the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Peakstone Realty Trust during the second quarter worth $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Peakstone Realty Trust during the first quarter worth $48,000. Arizona State Retirement System acquired a new stake in shares of Peakstone Realty Trust during the second quarter worth $108,000. Finally, International Assets Investment Management LLC bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at $116,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Up 3.5 %

Shares of Peakstone Realty Trust stock opened at $13.98 on Friday. The firm has a market cap of $508.59 million, a PE ratio of -3.44 and a beta of 2.63. The business’s 50 day simple moving average is $13.35 and its 200 day simple moving average is $13.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 8.03 and a current ratio of 8.03. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 6.44%. Peakstone Realty Trust’s payout ratio is currently -22.17%.

Analysts Set New Price Targets

Separately, Truist Financial lowered their target price on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a report on Wednesday, August 21st.

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.