Truist Financial Issues Positive Forecast for Peakstone Realty Trust (NYSE:PKST) Stock Price

Peakstone Realty Trust (NYSE:PKST - Free Report) had its target price raised by Truist Financial from $15.00 to $16.00 in a report published on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Separately, UBS Group lifted their price objective on Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th.

Peakstone Realty Trust Stock Up 0.9%

Shares of NYSE:PKST traded up $0.12 on Tuesday, hitting $12.90. 140,488 shares of the company traded hands, compared to its average volume of 183,492. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week 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 stock has a 50 day simple moving average of $11.98 and a 200-day simple moving average of $11.79. The company has a market cap of $474.37 million, a PE ratio of -46.07 and a beta of 1.73.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.225 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 6.98%. Peakstone Realty Trust's payout ratio is -50.85%.

Institutional Investors Weigh In On Peakstone Realty Trust

Large investors have recently bought and sold shares of the business. AlphaQuest LLC purchased a new position in Peakstone Realty Trust in the fourth quarter worth about $30,000. Spire Wealth Management purchased a new position in Peakstone Realty Trust in the fourth quarter worth about $30,000. Golden State Wealth Management LLC purchased a new position in Peakstone Realty Trust in the fourth quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Peakstone Realty Trust in the fourth quarter worth about $34,000. Finally, New Age Alpha Advisors LLC purchased a new position in Peakstone Realty Trust in the first quarter worth about $35,000. 38.98% of the stock is currently owned by institutional investors.

About Peakstone Realty Trust

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.