Invesco Ltd. Has $10.49 Million Stock Holdings in Peakstone Realty Trust $PKST

Key Points

• Invesco Ltd. has increased its stake in Peakstone Realty Trust by 23.3% during the first quarter, now owning 832,315 shares valued at approximately $10.49 million.
• Institutional ownership of Peakstone Realty Trust stands at 38.98%, with significant increases from firms like Charles Schwab and Centaurus Financial in recent months.
• Analysts project a moderate buy rating for Peakstone Realty Trust, with a target price increase to $16.00 based on recent reports.

Invesco Ltd. increased its stake in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 23.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 832,315 shares of the company's stock after buying an additional 157,267 shares during the quarter. Invesco Ltd. owned about 2.26% of Peakstone Realty Trust worth $10,487,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Aurora Private Wealth Inc. acquired a new stake in Peakstone Realty Trust during the first quarter worth approximately $242,000. Sumitomo Mitsui Trust Group Inc. grew its position in Peakstone Realty Trust by 21.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,996 shares of the company's stock worth $567,000 after buying an additional 8,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Peakstone Realty Trust during the first quarter worth approximately $129,000. GAMMA Investing LLC grew its position in Peakstone Realty Trust by 274.9% during the first quarter. GAMMA Investing LLC now owns 5,949 shares of the company's stock worth $75,000 after buying an additional 4,362 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Peakstone Realty Trust by 200.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 45,336 shares of the company's stock worth $502,000 after buying an additional 30,235 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company's stock.

Wall Street Analyst Weigh In

PKST has been the topic of several analyst reports. Truist Financial increased their price target on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. UBS Group increased their price target on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.00.

Peakstone Realty Trust Price Performance

PKST stock traded up $0.16 during trading on Thursday, reaching $12.76. 131,647 shares of the company were exchanged, compared to its average volume of 184,926. The company has a 50-day moving average of $13.30 and a two-hundred day moving average of $12.43. The company has a market capitalization of $469.56 million, a price-to-earnings ratio of -1.44 and a beta of 1.76. Peakstone Realty Trust has a twelve month low of $10.14 and a twelve month high of $16.26. The company has a debt-to-equity ratio of 1.61, a current ratio of 5.02 and a quick ratio of 5.02.

Peakstone Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 30th. Peakstone Realty Trust's dividend payout ratio is currently -4.50%.

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.