Peakstone Realty Trust (NYSE:PKST) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Peakstone Realty Trust has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating.
• Despite the downgrade, other firms like Truist Financial and UBS Group recently upgraded their ratings and price targets, indicating mixed sentiment among analysts.
• The company's stock opened at $13.50, with a market cap of approximately $496.67 million and a consensus price target of $17.50.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. Truist Financial upgraded shares of Peakstone Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the company from $16.00 to $19.00 in a report on Wednesday, September 3rd. UBS Group lifted their target price on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Peakstone Realty Trust currently has a consensus rating of "Hold" and an average target price of $17.50.

Peakstone Realty Trust Stock Down 1.3%

Shares of NYSE:PKST traded down $0.18 during trading hours on Monday, reaching $13.67. The stock had a trading volume of 783,801 shares, compared to its average volume of 148,535. The company has a debt-to-equity ratio of 1.61, a quick ratio of 5.02 and a current ratio of 5.02. The firm's 50 day moving average is $13.26 and its 200-day moving average is $12.73. The stock has a market capitalization of $502.92 million, a price-to-earnings ratio of -1.54 and a beta of 1.76. Peakstone Realty Trust has a 1 year low of $10.14 and a 1 year high of $15.77.

Institutional Trading of Peakstone Realty Trust

Hedge funds have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Peakstone Realty Trust in the second quarter worth approximately $26,000. Elevation Point Wealth Partners LLC purchased a new stake in Peakstone Realty Trust in the second quarter valued at approximately $35,000. New Age Alpha Advisors LLC purchased a new stake in shares of Peakstone Realty Trust during the first quarter worth $35,000. Ameriflex Group Inc. acquired a new position in shares of Peakstone Realty Trust during the fourth quarter worth $36,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Peakstone Realty Trust by 209.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the company's stock worth $50,000 after buying an additional 2,551 shares during the period. Institutional investors own 38.98% of the company's stock.

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.