Northern Trust Corp Has $4.10 Million Position in Peakstone Realty Trust (NYSE:PKST)

Northern Trust Corp grew its holdings in Peakstone Realty Trust (NYSE:PKST - Free Report) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 370,451 shares of the company's stock after acquiring an additional 52,119 shares during the quarter. Northern Trust Corp owned 1.02% of Peakstone Realty Trust worth $4,101,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. AlphaQuest LLC acquired a new position in shares of Peakstone Realty Trust during the fourth quarter worth about $30,000. Spire Wealth Management acquired a new position in shares of Peakstone Realty Trust during the fourth quarter worth about $30,000. Golden State Wealth Management LLC acquired a new position in shares of Peakstone Realty Trust during the fourth quarter worth about $31,000. Financial Life Planners acquired a new position in shares of Peakstone Realty Trust during the fourth quarter worth about $39,000. Finally, Quarry LP acquired a new position in shares of Peakstone Realty Trust during the fourth quarter worth about $49,000. 38.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PKST. Truist Financial upped their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Monday, March 24th. UBS Group upped their price objective on Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th.

Peakstone Realty Trust Stock Performance

Shares of PKST traded up $0.29 during mid-day trading on Tuesday, reaching $12.27. The company's stock had a trading volume of 50,415 shares, compared to its average volume of 183,802. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.26. The stock has a market cap of $450.95 million, a P/E ratio of -43.75 and a beta of 1.73. The business has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $11.81. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.85. The company had revenue of $57.93 million for the quarter, compared to analyst estimates 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 anticipate that Peakstone Realty Trust will post 2.13 earnings per share 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. Shareholders of record on Monday, June 30th will be paid 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 yield of 7.34%. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -50.85%.

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.