Truist Financial Raises Peakstone Realty Trust (NYSE:PKST) Price Target to $16.00

Peakstone Realty Trust (NYSE:PKST - Free Report) had its price target hoisted by Truist Financial from $15.00 to $16.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a hold rating on the stock.

Separately, UBS Group raised their price objective 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.

Peakstone Realty Trust Stock Up 1.7%

Peakstone Realty Trust stock traded up $0.21 during mid-day trading on Tuesday, reaching $12.87. 131,000 shares of the company's stock were exchanged, compared to its average volume of 183,282. The company has a market cap of $473.23 million, a P/E ratio of -45.96 and a beta of 1.73. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $16.26. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average of $11.99 and a 200-day moving average of $11.79.

Peakstone Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.99%. Peakstone Realty Trust's payout ratio is -50.85%.

Institutional Investors Weigh In On Peakstone Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors raised its holdings in shares of Peakstone Realty Trust by 5.3% in the 1st quarter. Arkadios Wealth Advisors now owns 18,146 shares of the company's stock valued at $229,000 after purchasing an additional 911 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Peakstone Realty Trust by 26.3% in the 1st quarter. Allworth Financial LP now owns 4,418 shares of the company's stock valued at $53,000 after purchasing an additional 919 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Peakstone Realty Trust by 15.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,021 shares of the company's stock valued at $88,000 after purchasing an additional 930 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Peakstone Realty Trust by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,715 shares of the company's stock valued at $274,000 after purchasing an additional 936 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in Peakstone Realty Trust by 5.2% during the 4th quarter. Focus Partners Wealth now owns 19,538 shares of the company's stock worth $216,000 after acquiring an additional 963 shares in the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

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.