Strs Ohio Buys 289,800 Shares of Peakstone Realty Trust $PKST

Key Points

• Strs Ohio increased its stake in Peakstone Realty Trust by 169.7% in Q4, buying 289,800 shares to own 460,600 shares (about 1.25% of the company) valued at $6.61 million.
• Peakstone missed Q4 EPS, reporting ($0.35) versus a $0.31 consensus and showing negative ROE (39.44%) and net margin (189.03%); analysts' consensus rating is 'Reduce' with a $21 price target.
• Shares trade around $20.99 (12‑month range $10.80–$21.00), the company has a market cap of about $780.2 million, and institutional investors own roughly 38.98% of the stock.

Strs Ohio grew its stake in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 169.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,600 shares of the company's stock after buying an additional 289,800 shares during the period. Strs Ohio owned 1.25% of Peakstone Realty Trust worth $6,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of Peakstone Realty Trust by 57.6% during the fourth quarter. Farther Finance Advisors LLC now owns 3,151 shares of the company's stock valued at $45,000 after buying an additional 1,151 shares during the period. Brookwood Investment Group LLC increased its position in shares of Peakstone Realty Trust by 2.9% during the fourth quarter. Brookwood Investment Group LLC now owns 64,797 shares of the company's stock valued at $930,000 after buying an additional 1,814 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Peakstone Realty Trust by 6.9% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,881 shares of the company's stock valued at $242,000 after buying an additional 1,085 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Peakstone Realty Trust by 5.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,948 shares of the company's stock valued at $233,000 after buying an additional 828 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Peakstone Realty Trust by 23.1% during the third quarter. JPMorgan Chase & Co. now owns 53,454 shares of the company's stock valued at $701,000 after buying an additional 10,042 shares during the period. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Stock Up 0.0%

Shares of NYSE PKST opened at $20.99 on Tuesday. Peakstone Realty Trust has a 12 month low of $10.80 and a 12 month high of $21.00. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $780.22 million, a price-to-earnings ratio of -2.50 and a beta of 1.11. The business has a 50-day moving average of $20.89 and a 200-day moving average of $17.09.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.66). Peakstone Realty Trust had a negative return on equity of 39.44% and a negative net margin of 189.03%.The business had revenue of $25.99 million for the quarter, compared to analysts' expectations of $28.57 million.

Analyst Upgrades and Downgrades

PKST has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Peakstone Realty Trust in a research report on Thursday, January 22nd. UBS Group cut Peakstone Realty Trust from a "buy" rating to a "neutral" rating and upped their price target for the company from $17.00 to $21.00 in a research report on Monday, February 2nd. Finally, Truist Financial cut Peakstone Realty Trust from a "buy" rating to a "hold" rating and upped their price target for the company from $19.00 to $21.00 in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $21.00.

Peakstone Realty Trust Profile

Peakstone Realty Trust, Inc NYSE: PKST is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.

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