Aurora Private Wealth Inc. Acquires New Shares in Peakstone Realty Trust (NYSE:PKST)

Aurora Private Wealth Inc. purchased a new stake in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 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.

A number of other hedge funds have also recently made changes to their positions in the company. Centaurus Financial Inc. raised its holdings in shares of Peakstone Realty Trust by 1.0% during the 4th quarter. Centaurus Financial Inc. now owns 1,266,376 shares of the company's stock valued at $14,019,000 after buying an additional 13,153 shares in the last quarter. Geode Capital Management LLC grew its position in Peakstone Realty Trust by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 929,777 shares of the company's stock valued at $10,295,000 after acquiring an additional 7,139 shares during the last quarter. Invesco Ltd. raised its stake in shares of Peakstone Realty Trust by 458.1% during the fourth quarter. Invesco Ltd. now owns 675,048 shares of the company's stock worth $7,473,000 after acquiring an additional 554,091 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Peakstone Realty Trust by 16.4% in the 4th quarter. Northern Trust Corp now owns 370,451 shares of the company's stock worth $4,101,000 after acquiring an additional 52,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Peakstone Realty Trust by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company's stock valued at $4,023,000 after purchasing an additional 12,403 shares in the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Peakstone Realty Trust Stock Down 1.3%

Shares of PKST traded down $0.18 during mid-day trading on Tuesday, reaching $13.33. The company had a trading volume of 117,829 shares, compared to its average volume of 181,073. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market capitalization of $490.14 million, a price-to-earnings ratio of -7.53 and a beta of 1.74. The firm has a 50-day moving average price of $12.60 and a 200 day moving average price of $11.85. Peakstone Realty Trust has a 52 week low of $10.14 and a 52 week high of $16.26.

Peakstone Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 dividend yield of 6.75%. Peakstone Realty Trust's dividend payout ratio is currently -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.