Bank of New York Mellon Corp Buys 22,625 Shares of Peakstone Realty Trust (NYSE:PKST)

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

A number of other institutional investors also recently modified their holdings of PKST. Centaurus Financial Inc. increased its position in Peakstone Realty Trust by 1.0% during the fourth quarter. Centaurus Financial Inc. now owns 1,266,376 shares of the company's stock worth $14,019,000 after acquiring an additional 13,153 shares during the period. Geode Capital Management LLC grew its position in Peakstone Realty Trust by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 929,777 shares of the company's stock worth $10,295,000 after purchasing an additional 7,139 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Peakstone Realty Trust by 458.1% during the 4th quarter. Invesco Ltd. now owns 675,048 shares of the company's stock worth $7,473,000 after purchasing an additional 554,091 shares during the period. Northern Trust Corp raised 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 valued at $4,101,000 after buying an additional 52,119 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Peakstone Realty Trust by 64.0% in the fourth quarter. JPMorgan Chase & Co. now owns 207,463 shares of the company's stock valued at $2,297,000 after buying an additional 80,980 shares during the period. Institutional investors own 38.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PKST. UBS Group increased their target price on 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 lifted 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.

Peakstone Realty Trust Price Performance

Shares of NYSE:PKST remained flat at $13.60 during mid-day trading on Friday. The company had a trading volume of 162,678 shares, compared to its average volume of 116,353. The business's 50 day moving average price is $13.31 and its 200 day moving average price is $12.20. 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 market capitalization of $500.07 million, a P/E ratio of -7.68 and a beta of 1.74. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 1.25.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Monday, June 30th. Peakstone Realty Trust's dividend payout ratio (DPR) 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.