Peakstone Realty Trust (NYSE:PKST) Price Target Cut to $15.00

Peakstone Realty Trust (NYSE:PKST) had its target price lowered by equities research analysts at Truist Financial from $17.00 to $15.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 21.90% from the company’s current price.

Peakstone Realty Trust Stock Performance

NYSE:PKST opened at $12.31 on Tuesday. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $446.79 million and a PE ratio of -0.79. The firm’s fifty day simple moving average is $14.81 and its 200 day simple moving average is $15.77. Peakstone Realty Trust has a 1 year low of $12.27 and a 1 year high of $47.00.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($1.20). The company had revenue of $63.06 million during the quarter, compared to analyst estimates of $62.07 million. Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. On average, sell-side analysts anticipate that Peakstone Realty Trust will post 2.82 EPS for the current year.

Institutional Trading of Peakstone Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its position in Peakstone Realty Trust by 34.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock worth $45,000 after purchasing an additional 703 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Peakstone Realty Trust by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,620 shares of the company’s stock valued at $451,000 after acquiring an additional 1,000 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Peakstone Realty Trust by 6.4% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 17,139 shares of the company’s stock valued at $285,000 after acquiring an additional 1,024 shares in the last quarter. Tsfg LLC boosted its position in shares of Peakstone Realty Trust by 128.1% during the 1st quarter. Tsfg LLC now owns 2,051 shares of the company’s stock valued at $33,000 after acquiring an additional 1,152 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its position in shares of Peakstone Realty Trust by 12.1% during the 3rd quarter. SageView Advisory Group LLC now owns 11,612 shares of the company’s stock valued at $193,000 after acquiring an additional 1,254 shares in the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

About Peakstone Realty Trust

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.