D. E. Shaw & Co. Inc. Grows Position in Peakstone Realty Trust (NYSE:PKST)

D. E. Shaw & Co. Inc. lifted its position in Peakstone Realty Trust (NYSE:PKST - Free Report) by 200.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,336 shares of the company's stock after acquiring an additional 30,235 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.12% of Peakstone Realty Trust worth $502,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its position in Peakstone Realty Trust by 458.1% in 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 during the period. Raffles Associates LP grew its stake in Peakstone Realty Trust by 225.1% during the fourth quarter. Raffles Associates LP now owns 129,987 shares of the company's stock valued at $1,439,000 after acquiring an additional 90,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $2,297,000 after purchasing an additional 80,980 shares during the period. Meixler Investment Management Ltd. bought a new position in Peakstone Realty Trust in the 4th quarter worth about $603,000. Finally, Northern Trust Corp increased 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 buying an additional 52,119 shares during the last quarter. Institutional investors own 38.98% of the company's stock.

Peakstone Realty Trust Stock Performance

Peakstone Realty Trust stock traded up $0.04 during midday trading on Friday, reaching $12.52. 12,044 shares of the company traded hands, compared to its average volume of 182,926. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.26. The firm has a market capitalization of $460.40 million, a price-to-earnings ratio of -44.71 and a beta of 1.73. The business has a 50 day moving average of $11.98 and a two-hundred day moving average of $11.80.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.85. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. The firm had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. As a group, research analysts predict that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed 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 is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.19%. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -50.85%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PKST. Truist Financial lifted their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Monday, March 24th. UBS Group lifted their target price on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th.

About Peakstone Realty Trust

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.