Peakstone Realty Trust (NYSE:PKST) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its price target for Peakstone Realty Trust (NYSE:PKST) from $15.00 to $16.00, indicating a potential upside of 31.15% from the stock's previous close.
• Truist Financial also increased its price objective for Peakstone Realty Trust to $16.00, while maintaining a "hold" rating.
• The stock recently traded at $12.20, with a market capitalization of approximately $448.59 million and heavy interest from institutional investors set at 38.98% ownership.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) had its price objective raised by UBS Group from $15.00 to $16.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 31.15% from the company's previous close.

Separately, Truist Financial boosted their price objective on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd.

Peakstone Realty Trust Stock Up 0.2%

PKST traded up $0.02 during trading on Friday, hitting $12.20. The company had a trading volume of 18,973 shares, compared to its average volume of 187,125. The company has a market capitalization of $448.59 million, a PE ratio of -1.37 and a beta of 1.75. Peakstone Realty Trust has a one year low of $10.14 and a one year high of $16.26. The firm's 50-day moving average price is $13.38 and its 200 day moving average price is $12.31. The company has a quick ratio of 3.81, a current ratio of 5.02 and a debt-to-equity ratio of 1.61.

Institutional Investors Weigh In On Peakstone Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aurora Private Wealth Inc. acquired a new position in Peakstone Realty Trust in the 1st quarter valued at about $242,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Peakstone Realty Trust by 21.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,996 shares of the company's stock valued at $567,000 after purchasing an additional 8,000 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Peakstone Realty Trust in the 1st quarter valued at about $129,000. GAMMA Investing LLC boosted its holdings in Peakstone Realty Trust by 274.9% in the 1st quarter. GAMMA Investing LLC now owns 5,949 shares of the company's stock valued at $75,000 after purchasing an additional 4,362 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Peakstone Realty Trust by 200.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 45,336 shares of the company's stock valued at $502,000 after purchasing an additional 30,235 shares during the period. 38.98% of the stock is currently owned by institutional investors and hedge funds.

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.

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