J. Goldman & Co LP Purchases 35,078 Shares of Peakstone Realty Trust (NYSE:PKST)

J. Goldman & Co LP increased its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 139.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,234 shares of the company's stock after buying an additional 35,078 shares during the quarter. J. Goldman & Co LP owned approximately 0.17% of Peakstone Realty Trust worth $667,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PKST. Barclays PLC boosted its holdings in shares of Peakstone Realty Trust by 318.6% in the 3rd quarter. Barclays PLC now owns 56,078 shares of the company's stock valued at $764,000 after buying an additional 42,681 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Peakstone Realty Trust by 106.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company's stock valued at $1,724,000 after buying an additional 65,137 shares during the last quarter. ARS Investment Partners LLC acquired a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at approximately $299,000. Clear Harbor Asset Management LLC lifted its holdings in Peakstone Realty Trust by 125.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 72,888 shares of the company's stock valued at $807,000 after purchasing an additional 40,626 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Peakstone Realty Trust by 13.9% during the 4th quarter. SG Americas Securities LLC now owns 15,742 shares of the company's stock valued at $174,000 after purchasing an additional 1,919 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company's stock.

Peakstone Realty Trust Stock Performance

Peakstone Realty Trust stock traded up $0.14 during mid-day trading on Friday, hitting $12.44. 154,681 shares of the company's stock traded hands, compared to its average volume of 184,448. The firm has a 50 day simple moving average of $12.06 and a two-hundred day simple moving average of $11.88. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.26. The stock has a market cap of $457.09 million, a price-to-earnings ratio of -44.41 and a beta of 1.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.85. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The business had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. On average, research analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.24%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust's payout ratio is -50.85%.

Wall Street Analyst Weigh In

PKST has been the subject of several research reports. UBS Group raised their price target on Peakstone Realty Trust from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday. Truist Financial raised their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a report on Monday, March 24th.

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.