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

Key Points

• Peakstone's shares hit a new 52-week high of $21.04, last trading at $20.895 with only 212 shares changing hands.
• Analyst sentiment is mixed-to-negative: UBS and Truist downgraded the stock to neutral/hold while raising targets to $21, Weiss Ratings reaffirmed a sell, and MarketBeat shows a consensus rating of "Reduce" with a $21 target.
• Fundamentals remain weak — the company missed quarterly EPS (reported -$0.35 vs. $0.31 expected) and posted a negative net margin (-189%) and negative ROE (-39.44%), despite a market cap near $777 million.

Peakstone Realty Trust (NYSE:PKST - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $21.04 and last traded at $20.8950, with a volume of 212 shares changing hands. The stock had previously closed at $20.90.

Wall Street Analyst Weigh In

PKST has been the topic of several research reports. UBS Group cut 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 report on Monday, February 2nd. Truist Financial cut Peakstone Realty Trust from a "buy" rating to a "hold" rating and raised their price target for the company from $19.00 to $21.00 in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Peakstone Realty Trust in a research note on Thursday, January 22nd. Three 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.com, the company currently has an average rating of "Reduce" and a consensus target price of $21.00.

Peakstone Realty Trust Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.83 and a quick ratio of 2.83. The business has a 50-day moving average of $20.25 and a 200-day moving average of $16.07. The company has a market capitalization of $776.88 million, a P/E ratio of -2.49 and a beta of 1.33.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.66). The firm had revenue of $25.99 million for 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%. On average, sell-side analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current year.

Institutional Trading of Peakstone Realty Trust

Several institutional investors have recently added to or reduced their stakes in PKST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peakstone Realty Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,715 shares of the company's stock valued at $274,000 after buying an additional 936 shares during the last quarter. Jones Financial Companies Lllp grew its position in Peakstone Realty Trust by 1,051.7% in the 1st quarter. Jones Financial Companies Lllp now owns 4,791 shares of the company's stock valued at $60,000 after acquiring an additional 4,375 shares during the last quarter. Strs Ohio purchased a new stake in Peakstone Realty Trust in the first quarter worth $89,000. Quantbot Technologies LP purchased a new stake in Peakstone Realty Trust in the second quarter worth $97,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Peakstone Realty Trust during the second quarter worth $26,000. 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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