Dimensional Fund Advisors LP boosted its stake in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 98.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,985 shares of the company's stock after buying an additional 24,266 shares during the period. 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 also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Peakstone Realty Trust by 106.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company's stock valued at $1,724,000 after buying an additional 65,137 shares in the last quarter. ARS Investment Partners LLC bought a new position in shares of Peakstone Realty Trust during the 4th quarter worth $299,000. Clear Harbor Asset Management LLC increased its stake in shares of Peakstone Realty Trust by 125.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 72,888 shares of the company's stock valued at $807,000 after buying an additional 40,626 shares during the period. SG Americas Securities LLC lifted 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 acquiring an additional 1,919 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in Peakstone Realty Trust during the 4th quarter worth about $67,000. 38.98% of the stock is currently owned by institutional investors.
Peakstone Realty Trust Stock Down 0.8%
PKST traded down $0.10 during trading on Tuesday, hitting $12.31. The stock had a trading volume of 115,369 shares, compared to its average volume of 183,961. The stock has a 50 day simple moving average of $12.06 and a two-hundred day simple moving average of $11.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $16.26. The company has a market capitalization of $452.45 million, a PE ratio of -43.96 and a beta of 1.73.
Peakstone Realty Trust (NYSE:PKST - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The firm had revenue of $57.93 million during the quarter, compared to analysts' expectations of $54.68 million. On average, research analysts predict that Peakstone Realty Trust will post 2.13 earnings per share for the current year.
Peakstone Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.31%. Peakstone Realty Trust's payout ratio is -50.85%.
Analysts Set New Price Targets
Several brokerages recently issued reports on PKST. UBS Group lifted their price objective on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Truist Financial boosted their target price on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Monday, March 24th.
View Our Latest Stock Report on Peakstone Realty Trust
About Peakstone Realty Trust
(
Free Report)
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.
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