Dimensional Fund Advisors LP Acquires 24,266 Shares of Peakstone Realty Trust (NYSE:PKST)

Dimensional Fund Advisors LP boosted its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,985 shares of the company's stock after buying an additional 24,266 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.13% of Peakstone Realty Trust worth $542,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Peakstone Realty Trust by 13.9% in the fourth quarter. SG Americas Securities LLC now owns 15,742 shares of the company's stock worth $174,000 after purchasing an additional 1,919 shares in the last quarter. PFG Investments LLC raised its position in shares of Peakstone Realty Trust by 23.4% during the fourth quarter. PFG Investments LLC now owns 13,130 shares of the company's stock worth $145,000 after acquiring an additional 2,488 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Peakstone Realty Trust during the fourth quarter worth $30,000. Spire Wealth Management bought a new stake in shares of Peakstone Realty Trust during the fourth quarter worth $30,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Peakstone Realty Trust during the fourth quarter worth $31,000. Institutional investors and hedge funds own 38.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PKST shares. Truist Financial boosted their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Monday, March 24th. UBS Group boosted their target price on Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th.

Peakstone Realty Trust Trading Up 0.3%

NYSE PKST traded up $0.03 on Thursday, reaching $11.98. The company had a trading volume of 125,602 shares, compared to its average volume of 183,982. The stock's 50 day moving average is $12.04 and its 200-day moving average is $11.86. The stock has a market cap of $440.32 million, a price-to-earnings ratio of -42.78 and a beta of 1.73. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.85. The business had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. Equities analysts predict that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Peakstone Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a yield of 7.51%. Peakstone Realty Trust's dividend payout ratio is presently -50.85%.

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.