Raffles Associates LP Raises Holdings in Peakstone Realty Trust (NYSE:PKST)

Raffles Associates LP lifted its stake in Peakstone Realty Trust (NYSE:PKST - Free Report) by 225.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,987 shares of the company's stock after purchasing an additional 90,000 shares during the quarter. Peakstone Realty Trust comprises 1.6% of Raffles Associates LP's portfolio, making the stock its 19th biggest holding. Raffles Associates LP owned about 0.36% of Peakstone Realty Trust worth $1,439,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PKST. Spire Wealth Management purchased a new position in Peakstone Realty Trust during the 4th quarter valued at $30,000. AlphaQuest LLC purchased a new stake in shares of Peakstone Realty Trust during the fourth quarter valued at $30,000. Golden State Wealth Management LLC bought a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $31,000. Financial Life Planners bought a new stake in Peakstone Realty Trust during the 4th quarter valued at about $39,000. Finally, Quarry LP purchased a new stake in Peakstone Realty Trust in the 4th quarter valued at about $49,000. Institutional investors own 38.98% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PKST shares. UBS Group started coverage on shares of Peakstone Realty Trust in a research report on Thursday, January 16th. They set a "buy" rating and a $15.00 target price on the stock. Truist Financial raised their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Monday, March 24th.

Peakstone Realty Trust Stock Down 0.1 %

Peakstone Realty Trust stock traded down $0.01 during midday trading on Tuesday, hitting $11.35. 36,145 shares of the company's stock were exchanged, compared to its average volume of 182,954. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The company has a market cap of $417.02 million, a PE ratio of -40.55 and a beta of 1.73. The firm has a 50-day moving average of $12.02 and a two-hundred day moving average of $11.96.

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

Peakstone Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.225 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.90 annualized dividend and a yield of 7.93%. Peakstone Realty Trust's dividend payout ratio (DPR) is presently -321.43%.

About Peakstone Realty Trust

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.