Peakstone Realty Trust (NYSE:PKST) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 4,623.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,957 shares of the company's stock after acquiring an additional 73,370 shares during the period. GAMMA Investing LLC owned 0.20% of Peakstone Realty Trust worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PKST. Centaurus Financial Inc. lifted 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 buying an additional 13,153 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at about $36,000. PharVision Advisers LLC acquired a new stake in Peakstone Realty Trust during the fourth quarter worth about $182,000. Waverly Advisors LLC increased its position in Peakstone Realty Trust by 11.9% during the fourth quarter. Waverly Advisors LLC now owns 12,126 shares of the company's stock worth $134,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Peakstone Realty Trust during the fourth quarter worth about $111,000. 38.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PKST has been the subject of several analyst reports. UBS Group increased their price target 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. Truist Financial increased their price objective on Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd.

Peakstone Realty Trust Trading Up 1.0%

Shares of NYSE:PKST traded up $0.13 during midday trading on Friday, reaching $13.28. 107,567 shares of the company's stock were exchanged, compared to its average volume of 184,170. The stock has a market cap of $488.27 million, a price-to-earnings ratio of -7.49 and a beta of 1.73. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.26. The firm's 50 day simple moving average is $12.21 and its two-hundred day simple moving average is $11.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.81 and a quick ratio of 3.81.

Peakstone Realty Trust Announces Dividend

The business also recently declared 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust's dividend payout ratio (DPR) is -50.85%.

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.