Bank of New York Mellon Corp Has $1.72 Million Stock Position in Peakstone Realty Trust (NYSE:PKST)

Bank of New York Mellon Corp increased its position in Peakstone Realty Trust (NYSE:PKST - Free Report) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,399 shares of the company's stock after buying an additional 22,625 shares during the period. Bank of New York Mellon Corp owned about 0.37% of Peakstone Realty Trust worth $1,719,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PKST. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Peakstone Realty Trust in the fourth quarter worth $34,000. Ameriflex Group Inc. acquired a new stake in Peakstone Realty Trust during the 4th quarter valued at $36,000. Transce3nd LLC acquired a new stake in Peakstone Realty Trust during the 4th quarter valued at $50,000. Quarry LP acquired a new stake in Peakstone Realty Trust during the 4th quarter valued at $49,000. Finally, Bellwether Advisors LLC bought a new position in Peakstone Realty Trust during the 4th quarter valued at $52,000. Institutional investors and hedge funds own 38.98% of the company's stock.

Peakstone Realty Trust Price Performance

PKST stock remained flat at $13.60 on Friday. 162,678 shares of the company were exchanged, compared to its average volume of 183,301. Peakstone Realty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $16.26. The company has a 50 day simple moving average of $13.28 and a two-hundred day simple moving average of $12.18. The stock has a market capitalization of $500.07 million, a price-to-earnings ratio of -7.68 and a beta of 1.74. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, June 30th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Monday, June 30th. Peakstone Realty Trust's payout ratio is currently -50.85%.

Analysts Set New Price Targets

Several analysts recently weighed in on PKST shares. 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 research report on Tuesday, May 13th. Truist Financial raised their target price on shares of 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 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.