Aurora Private Wealth Inc. Buys New Stake in Peakstone Realty Trust (NYSE:PKST)

Aurora Private Wealth Inc. acquired a new stake in Peakstone Realty Trust (NYSE:PKST - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,177 shares of the company's stock, valued at approximately $242,000. Aurora Private Wealth Inc. owned approximately 0.05% of Peakstone Realty Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Peakstone Realty Trust by 4,623.2% in the first quarter. GAMMA Investing LLC now owns 74,957 shares of the company's stock valued at $944,000 after acquiring an additional 73,370 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Peakstone Realty Trust by 200.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 45,336 shares of the company's stock valued at $502,000 after acquiring an additional 30,235 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Peakstone Realty Trust by 16.4% in the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company's stock valued at $4,101,000 after acquiring an additional 52,119 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Peakstone Realty Trust by 100.8% in the first quarter. Golden State Wealth Management LLC now owns 5,566 shares of the company's stock valued at $70,000 after acquiring an additional 2,794 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Peakstone Realty Trust in the fourth quarter valued at approximately $144,000. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Stock Up 2.0%

Shares of Peakstone Realty Trust stock traded up $0.27 during midday trading on Friday, reaching $13.82. 93,736 shares of the company's stock traded hands, compared to its average volume of 181,476. The company has a market cap of $508.20 million, a price-to-earnings ratio of -7.81 and a beta of 1.74. The company's 50 day simple moving average is $12.54 and its 200 day simple moving average is $11.82. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.81 and a current ratio of 3.81. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26.

Peakstone Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid 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 6.51%. Peakstone Realty Trust's payout ratio is presently -50.85%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PKST shares. UBS Group raised their target price on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Truist Financial increased their target price on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd.

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.