13,823 Shares in Peakstone Realty Trust (NYSE:PKST) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of Peakstone Realty Trust (NYSE:PKST) in the third quarter, Holdings Channel.com reports. The institutional investor bought 13,823 shares of the company’s stock, valued at approximately $188,000.

Several other institutional investors also recently bought and sold shares of PKST. Tsfg LLC increased its position in shares of Peakstone Realty Trust by 43.0% during the second 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 purchased a new position in Peakstone Realty Trust during the 2nd quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new position in Peakstone Realty Trust during the 1st quarter worth $48,000. Arizona State Retirement System acquired a new position in Peakstone Realty Trust during the 2nd quarter valued at about $108,000. Finally, International Assets Investment Management LLC purchased a new stake in Peakstone Realty Trust in the second quarter valued at about $116,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Peakstone Realty Trust Stock Down 4.1 %

NYSE:PKST opened at $13.39 on Thursday. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 1.19. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $21.73. The company has a market cap of $487.13 million, a PE ratio of -3.30 and a beta of 2.63. The company’s 50 day moving average is $13.66 and its two-hundred day moving average is $13.08.

Peakstone Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend was Monday, September 30th. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -22.17%.

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.