Vanguard Group Inc. Has $30.34 Million Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

Vanguard Group Inc. lifted its holdings in Peakstone Realty Trust (NYSE:PKST - Free Report) by 4.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,823,509 shares of the company's stock after buying an additional 81,169 shares during the quarter. Vanguard Group Inc. owned approximately 5.06% of Peakstone Realty Trust worth $30,343,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PKST. Huntington National Bank bought a new stake in Peakstone Realty Trust in the 3rd quarter valued at about $26,000. Tower Research Capital LLC TRC bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at about $43,000. Fortis Group Advisors LLC bought a new stake in Peakstone Realty Trust in the 3rd quarter valued at about $26,000. Sunbelt Securities Inc. bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at about $57,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at about $64,000. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Stock Performance

NYSE:PKST traded down $0.40 during mid-day trading on Friday, hitting $13.80. The stock had a trading volume of 114,463 shares, compared to its average volume of 160,850. The stock has a market capitalization of $501.08 million and a price-to-earnings ratio of -0.89. The company has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $15.89. Peakstone Realty Trust has a 52 week low of $8.00 and a 52 week high of $47.00. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 1.19.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of $0.65 by ($1.20). The firm had revenue of $63.06 million during the quarter, compared to the consensus estimate of $62.07 million. Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. On average, research analysts expect that Peakstone Realty Trust will post 2.82 earnings per share for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.90 annualized dividend and a yield of 6.52%. Peakstone Realty Trust's payout ratio is -5.80%.

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.