GAMMA Investing LLC Has $944,000 Stake in Peakstone Realty Trust (NYSE:PKST)

GAMMA Investing LLC increased its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 4,623.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,957 shares of the company's stock after purchasing an additional 73,370 shares during the quarter. GAMMA Investing LLC owned approximately 0.20% of Peakstone Realty Trust worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in shares of Peakstone Realty Trust by 458.1% during the fourth quarter. Invesco Ltd. now owns 675,048 shares of the company's stock worth $7,473,000 after buying an additional 554,091 shares during the last quarter. Raffles Associates LP grew its position in Peakstone Realty Trust by 225.1% in 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 during the period. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 80,980 shares during the period. Northern Trust Corp grew its position in Peakstone Realty Trust by 16.4% in the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company's stock valued at $4,101,000 after acquiring an additional 52,119 shares during the period. Finally, HighPoint Advisor Group LLC grew its position in Peakstone Realty Trust by 204.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 74,263 shares of the company's stock valued at $798,000 after acquiring an additional 49,898 shares during the period. Hedge funds and other institutional investors own 38.98% of the company's stock.

Peakstone Realty Trust Price Performance

Shares of PKST stock traded down $0.03 during trading hours on Tuesday, hitting $12.92. 130,493 shares of the company's stock were exchanged, compared to its average volume of 184,176. The stock's 50-day moving average is $12.12 and its 200-day moving average is $11.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The stock has a market cap of $475.11 million, a price-to-earnings ratio of -46.14 and a beta of 1.73. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26.

Peakstone Realty Trust Announces Dividend

The company 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Monday, June 30th. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -50.85%.

Analysts Set New Price Targets

Several analysts have recently commented on PKST shares. 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 increased their target price on Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd.

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.