D. E. Shaw & Co. Inc. Has $502,000 Holdings in Peakstone Realty Trust (NYSE:PKST)

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

A number of other hedge funds have also recently bought and sold shares of PKST. AlphaQuest LLC acquired a new stake in Peakstone Realty Trust in the 4th quarter worth approximately $30,000. Spire Wealth Management acquired a new position in Peakstone Realty Trust in the fourth quarter worth $30,000. Golden State Wealth Management LLC acquired a new position in Peakstone Realty Trust in the fourth quarter worth $31,000. Financial Life Planners acquired a new position in Peakstone Realty Trust in the fourth quarter worth $39,000. Finally, Quarry LP acquired a new position in shares of Peakstone Realty Trust during the fourth quarter valued at $49,000. 38.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group increased their target price on Peakstone Realty Trust from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Truist Financial lifted their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a research report on Monday, March 24th.

Peakstone Realty Trust Stock Performance

Shares of NYSE PKST traded up $0.22 during midday trading on Thursday, hitting $12.54. 44,749 shares of the company's stock were exchanged, compared to its average volume of 183,707. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.26. The company's 50 day moving average price is $11.99 and its 200 day moving average price is $11.81. The firm has a market capitalization of $460.95 million, a PE ratio of -44.77 and a beta of 1.73.

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

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -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.