HighPoint Advisor Group LLC Sells 60,763 Shares of Peakstone Realty Trust (NYSE:PKST)

HighPoint Advisor Group LLC lessened its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 81.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,500 shares of the company's stock after selling 60,763 shares during the period. HighPoint Advisor Group LLC's holdings in Peakstone Realty Trust were worth $158,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp grew its holdings in Peakstone Realty Trust by 8.4% during the 1st quarter. Sigma Planning Corp now owns 156,871 shares of the company's stock worth $1,977,000 after acquiring an additional 12,158 shares during the period. CWM LLC grew its holdings in Peakstone Realty Trust by 3.5% during the 1st quarter. CWM LLC now owns 65,084 shares of the company's stock worth $820,000 after acquiring an additional 2,182 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Peakstone Realty Trust during the 1st quarter worth $58,000. Allworth Financial LP grew its holdings in Peakstone Realty Trust by 26.3% during the 1st quarter. Allworth Financial LP now owns 4,418 shares of the company's stock worth $53,000 after acquiring an additional 919 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Peakstone Realty Trust by 19.9% in the 1st quarter. Bank of New York Mellon Corp now owns 136,399 shares of the company's stock valued at $1,719,000 after buying an additional 22,625 shares during the period. Institutional investors own 38.98% of the company's stock.

Peakstone Realty Trust Stock Up 0.5%

NYSE PKST traded up $0.07 on Friday, reaching $13.80. The company had a trading volume of 123,344 shares, compared to its average volume of 122,820. The firm has a market capitalization of $507.28 million, a price-to-earnings ratio of -7.79 and a beta of 1.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 3.81 and a current ratio of 3.81. Peakstone Realty Trust has a 1-year low of $10.14 and a 1-year high of $16.26. The company's fifty day moving average is $13.15 and its 200-day moving average is $12.09.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 6.52%. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -50.85%.

Analyst Ratings Changes

PKST has been the subject of several research analyst reports. UBS Group boosted their price target 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 boosted their price target 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 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.