Brookwood Investment Group LLC Takes Position in Peakstone Realty Trust (NYSE:PKST)

Key Points

• Brookwood Investment Group LLC has acquired a new position in Peakstone Realty Trust, purchasing 23,614 shares valued at approximately $298,000, representing a 0.06% ownership stake.
• Peakstone Realty Trust recently declared a quarterly dividend of $0.225 per share, which results in an annualized dividend of $0.90 and a yield of 6.52%.
• Analysts have set new price targets for Peakstone Realty Trust, with Truist Financial raising its target from $15.00 to $16.00 while maintaining a "hold" rating.

Brookwood Investment Group LLC purchased a new stake in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,614 shares of the company's stock, valued at approximately $298,000. Brookwood Investment Group LLC owned approximately 0.06% of Peakstone Realty Trust at the end of the most recent quarter.

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

Peakstone Realty Trust Stock Up 0.5%

Shares of PKST traded up $0.07 during trading hours on Friday, hitting $13.80. 123,344 shares of the company were exchanged, compared to its average volume of 122,820. Peakstone Realty Trust has a 52 week low of $10.14 and a 52 week high of $16.26. 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 cap of $507.28 million, a PE ratio of 5.26 and a beta of 1.74. The firm's 50 day moving average is $13.15 and its 200-day moving average is $12.10.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $0.225 per share. The ex-dividend date was Monday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 6.52%. Peakstone Realty Trust's dividend payout ratio is presently -50.85%.

Wall Street Analysts Forecast Growth

PKST has been the subject of several recent analyst reports. UBS Group upped their price target on Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Truist Financial upped their price target on Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research note 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.