Invesco Ltd. Purchases 554,091 Shares of Peakstone Realty Trust (NYSE:PKST)

Invesco Ltd. raised its position in Peakstone Realty Trust (NYSE:PKST - Free Report) by 458.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 675,048 shares of the company's stock after acquiring an additional 554,091 shares during the quarter. Invesco Ltd. owned approximately 1.86% of Peakstone Realty Trust worth $7,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC bought a new position in 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 4th quarter worth approximately $30,000. Golden State Wealth Management LLC bought a new stake in Peakstone Realty Trust in the 4th quarter valued at $31,000. Financial Life Planners bought a new stake in Peakstone Realty Trust in the 4th quarter valued at $39,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Peakstone Realty Trust during the 4th quarter valued at $67,000. Institutional investors own 38.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group initiated coverage on shares of Peakstone Realty Trust in a research report on Thursday, January 16th. They issued a "buy" rating and a $15.00 price objective on the stock. Truist Financial boosted their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Monday, March 24th.

Peakstone Realty Trust Price Performance

Peakstone Realty Trust stock traded down $0.24 during mid-day trading on Wednesday, reaching $11.47. 126,713 shares of the company were exchanged, compared to its average volume of 183,838. The firm has a market cap of $421.58 million, a PE ratio of -40.96 and a beta of 1.70. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The company has a fifty day simple moving average of $11.98 and a 200-day simple moving average of $12.05.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.85. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. The business had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million. As a group, equities research analysts expect that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date was Monday, March 31st. Peakstone Realty Trust's dividend payout ratio is presently -321.43%.

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.