Peakstone Realty Trust (NYSE:PKST) Sets New 1-Year High - Still a Buy?

Key Points

• Peakstone hit a new 52-week high of $21.00 (last $20.985) on heavy volume and is trading near its 50‑day moving average ($20.89) and well above its 200‑day average ($17.15), with a market cap of about $780M.
• Analysts have pulled back — UBS and Truist downgraded PKST from buy to neutral/hold while raising targets to $21, leaving a consensus rating of Reduce and a $21 consensus price target.
• The latest quarter was weak: reported EPS of ($0.35) missed the $0.31 estimate, revenue of $25.99M missed estimates, and the company showed a negative net margin (189%) and ROE (‑39.44%).

Peakstone Realty Trust (NYSE:PKST - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.00 and last traded at $20.9850, with a volume of 878138 shares trading hands. The stock had previously closed at $20.98.

Wall Street Analysts Forecast Growth

PKST has been the subject of several research reports. UBS Group lowered Peakstone Realty Trust from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $17.00 to $21.00 in a research report on Monday, February 2nd. Truist Financial lowered Peakstone Realty Trust from a "buy" rating to a "hold" rating and upped their price target for the company from $19.00 to $21.00 in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Peakstone Realty Trust in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Peakstone Realty Trust presently has an average rating of "Reduce" and a consensus target price of $21.00.

Peakstone Realty Trust Stock Up 0.0%

The firm's 50-day moving average price is $20.89 and its 200 day moving average price is $17.15. The firm has a market cap of $780.22 million, a P/E ratio of -2.50 and a beta of 1.11. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.61.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.66). The firm had revenue of $25.99 million during the quarter, compared to the consensus estimate of $28.57 million. Peakstone Realty Trust had a negative net margin of 189.03% and a negative return on equity of 39.44%.

Institutional Investors Weigh In On Peakstone Realty Trust

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its position in shares of Peakstone Realty Trust by 2,542.3% during the third quarter. Assetmark Inc. now owns 1,876 shares of the company's stock worth $25,000 after buying an additional 1,805 shares during the period. Farther Finance Advisors LLC raised its stake in Peakstone Realty Trust by 101.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company's stock valued at $26,000 after acquiring an additional 1,007 shares in the last quarter. Financial Life Planners bought a new stake in Peakstone Realty Trust during the 3rd quarter valued at $44,000. Versant Capital Management Inc raised its stake in Peakstone Realty Trust by 1,588.6% during the 3rd quarter. Versant Capital Management Inc now owns 3,546 shares of the company's stock valued at $47,000 after acquiring an additional 3,336 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Peakstone Realty Trust by 209.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the company's stock worth $50,000 after acquiring an additional 2,551 shares during the period. Institutional investors own 38.98% of the company's stock.

About Peakstone Realty Trust

Peakstone Realty Trust, Inc NYSE: PKST is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.

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