Millennium Management LLC Sells 20,110 Shares of Peakstone Realty Trust (NYSE:PKST)

Millennium Management LLC reduced its stake in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,816 shares of the company's stock after selling 20,110 shares during the quarter. Millennium Management LLC owned about 0.27% of Peakstone Realty Trust worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its holdings in Peakstone Realty Trust by 200.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 45,336 shares of the company's stock valued at $502,000 after buying an additional 30,235 shares in the last quarter. Northern Trust Corp grew its holdings in Peakstone Realty Trust by 16.4% during the 4th quarter. Northern Trust Corp now owns 370,451 shares of the company's stock valued at $4,101,000 after buying an additional 52,119 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Peakstone Realty Trust during the 4th quarter valued at approximately $144,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Peakstone Realty Trust by 24.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,591 shares of the company's stock valued at $162,000 after purchasing an additional 2,862 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Peakstone Realty Trust by 58.0% in the fourth quarter. Deutsche Bank AG now owns 31,461 shares of the company's stock valued at $348,000 after purchasing an additional 11,554 shares in the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

Peakstone Realty Trust Price Performance

Shares of PKST stock traded up $0.21 on Friday, reaching $12.87. The company's stock had a trading volume of 131,000 shares, compared to its average volume of 183,591. The stock's fifty day simple moving average is $11.99 and its 200-day simple moving average is $11.78. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.26. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $473.23 million, a price-to-earnings ratio of -45.96 and a beta of 1.73.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -50.85%.

Analyst Upgrades and Downgrades

PKST has been the subject of a number of recent research reports. UBS Group raised their target price on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Truist Financial raised their target price on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd.

Peakstone Realty Trust Company 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.