Peakstone Realty Trust (NYSE:PKST) Holdings Trimmed by Cwm LLC

Cwm LLC lowered its position in shares of Peakstone Realty Trust (NYSE:PKST) by 7.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 65,137 shares of the company’s stock after selling 5,260 shares during the period. Cwm LLC’s holdings in Peakstone Realty Trust were worth $888,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PKST. HighPoint Advisor Group LLC bought a new position in Peakstone Realty Trust during the fourth quarter valued at about $372,000. Mather Group LLC. acquired a new position in shares of Peakstone Realty Trust in the 1st quarter valued at $150,000. Tsfg LLC boosted its position in shares of Peakstone Realty Trust by 128.1% in the 1st quarter. Tsfg LLC now owns 2,051 shares of the company’s stock valued at $33,000 after purchasing an additional 1,152 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Peakstone Realty Trust in the 1st quarter valued at $48,000. Finally, TCP Asset Management LLC boosted its position in shares of Peakstone Realty Trust by 2.9% in the 1st quarter. TCP Asset Management LLC now owns 110,136 shares of the company’s stock valued at $1,776,000 after purchasing an additional 3,081 shares during the period. Institutional investors own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Peakstone Realty Trust Trading Up 0.6 %

NYSE:PKST opened at $13.99 on Friday. The company has a quick ratio of 8.03, a current ratio of 8.03 and a debt-to-equity ratio of 1.19. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The firm has a market capitalization of $508.96 million, a price-to-earnings ratio of -3.45 and a beta of 2.63. The stock has a fifty day simple moving average of $13.56 and a 200 day simple moving average of $13.13.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Monday, September 30th. Peakstone Realty Trust’s dividend payout ratio is currently -22.17%.

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.