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

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

A number of other institutional investors have also recently bought and sold shares of PKST. GAMMA Investing LLC grew its holdings in Peakstone Realty Trust by 4,623.2% during the 1st quarter. GAMMA Investing LLC now owns 74,957 shares of the company's stock worth $944,000 after acquiring an additional 73,370 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Peakstone Realty Trust by 200.2% in the 4th 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 during the period. Northern Trust Corp boosted its position in shares of Peakstone Realty Trust by 16.4% during the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company's stock worth $4,101,000 after purchasing an additional 52,119 shares in the last quarter. Golden State Wealth Management LLC grew its stake in 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 during the period. Finally, Proficio Capital Partners LLC bought a new stake in Peakstone Realty Trust during the 4th quarter worth approximately $144,000. Institutional investors and hedge funds own 38.98% of the company's stock.

Peakstone Realty Trust Trading Up 2.0%

Shares of PKST stock traded up $0.27 during mid-day trading on Friday, reaching $13.82. 93,736 shares of the stock traded hands, compared to its average volume of 181,241. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 1.25. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.26. The stock's fifty day simple moving average is $12.54 and its two-hundred day simple moving average is $11.82. The company has a market cap of $508.16 million, a price-to-earnings ratio of -7.81 and a beta of 1.74.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Monday, June 30th. Peakstone Realty Trust's payout ratio is -50.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PKST shares. 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 report on Tuesday, June 3rd. UBS Group upped their price objective on Peakstone Realty Trust from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, May 13th.

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.