Peakstone Realty Trust (NYSE:PKST) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Peakstone Realty Trust (NYSE:PKST - Free Report) by 64.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,463 shares of the company's stock after purchasing an additional 80,980 shares during the quarter. JPMorgan Chase & Co. owned about 0.57% of Peakstone Realty Trust worth $2,297,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Modern Wealth Management LLC acquired a new position in Peakstone Realty Trust in the fourth quarter valued at $112,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at about $72,000. Quantbot Technologies LP purchased a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at about $89,000. Commonwealth Equity Services LLC boosted its holdings in shares of Peakstone Realty Trust by 18.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 117,855 shares of the company's stock valued at $1,305,000 after acquiring an additional 18,212 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at about $195,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Price Performance

PKST stock traded down $0.19 during trading on Tuesday, reaching $11.72. 94,454 shares of the company were exchanged, compared to its average volume of 183,756. The company has a market cap of $430.88 million, a P/E ratio of -41.87 and a beta of 1.70. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $16.26. The stock's 50 day moving average price is $11.96 and its 200 day moving average price is $12.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $57.93 million for the quarter, compared to the consensus estimate of $54.68 million. As a group, analysts predict that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend was Monday, March 31st. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -321.43%.

Analysts Set New Price Targets

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

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.