Northern Trust Corp Raises Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

Northern Trust Corp raised its holdings in Peakstone Realty Trust (NYSE:PKST - Free Report) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,451 shares of the company's stock after purchasing an additional 52,119 shares during the quarter. Northern Trust Corp owned 1.02% of Peakstone Realty Trust worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PKST. Geode Capital Management LLC boosted its stake in Peakstone Realty Trust by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 929,777 shares of the company's stock worth $10,295,000 after purchasing an additional 7,139 shares during the period. Invesco Ltd. increased its position in shares of Peakstone Realty Trust by 458.1% in the fourth quarter. Invesco Ltd. now owns 675,048 shares of the company's stock worth $7,473,000 after purchasing an additional 554,091 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Peakstone Realty Trust by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company's stock worth $4,023,000 after purchasing an additional 12,403 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Peakstone Realty Trust by 64.0% in the fourth quarter. JPMorgan Chase & Co. now owns 207,463 shares of the company's stock worth $2,297,000 after purchasing an additional 80,980 shares during the last quarter. Finally, Sigma Planning Corp increased its position in shares of Peakstone Realty Trust by 3.0% in the fourth quarter. Sigma Planning Corp now owns 144,713 shares of the company's stock worth $1,602,000 after purchasing an additional 4,160 shares during the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial increased their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a research report on Monday, March 24th. 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 report on Tuesday, May 13th.

Peakstone Realty Trust Stock Down 0.4%

Shares of NYSE PKST traded down $0.05 on Wednesday, reaching $12.31. 9,947 shares of the company's stock traded hands, compared to its average volume of 183,429. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The business's 50 day simple moving average is $12.01 and its two-hundred day simple moving average is $11.81. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.26. The company has a market cap of $452.27 million, a price-to-earnings ratio of -43.94 and a beta of 1.73.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.85. The firm 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, equities research analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.31%. Peakstone Realty Trust's payout ratio is currently -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.