International Assets Investment Management LLC Has $2.53 Million Holdings in Peakstone Realty Trust (NYSE:PKST)

International Assets Investment Management LLC grew its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 1,600.9% during the third quarter, HoldingsChannel.com reports. The firm owned 185,940 shares of the company’s stock after acquiring an additional 175,008 shares during the quarter. International Assets Investment Management LLC’s holdings in Peakstone Realty Trust were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Tsfg LLC boosted its position in shares of 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 acquiring an additional 882 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Peakstone Realty Trust during the 1st quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Peakstone Realty Trust during the 2nd quarter worth approximately $43,000. Fortis Group Advisors LLC boosted its position in shares of Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after acquiring an additional 970 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Peakstone Realty Trust during the 3rd quarter worth approximately $138,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Ratings Changes

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

Peakstone Realty Trust Stock Performance

NYSE PKST opened at $13.04 on Friday. The company has a current ratio of 5.24, a quick ratio of 8.03 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $474.40 million, a price-to-earnings ratio of -11.05 and a beta of 2.56. The firm’s 50 day simple moving average is $13.76 and its 200 day simple moving average is $13.04. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.90%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is -76.27%.

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.