Susquehanna Fundamental Investments LLC Takes Position in Peakstone Realty Trust (NYSE:PKST)

Susquehanna Fundamental Investments LLC purchased a new position in Peakstone Realty Trust (NYSE:PKST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,069 shares of the company's stock, valued at approximately $322,000. Susquehanna Fundamental Investments LLC owned 0.08% of Peakstone Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PKST. Spire Wealth Management purchased a new position in Peakstone Realty Trust in the 4th quarter worth approximately $30,000. AlphaQuest LLC purchased a new position in Peakstone Realty Trust in the fourth quarter worth $30,000. Golden State Wealth Management LLC bought a new position in Peakstone Realty Trust in the fourth quarter valued at $31,000. Financial Life Planners purchased a new stake in Peakstone Realty Trust during the fourth quarter valued at about $39,000. Finally, Transce3nd LLC bought a new stake in Peakstone Realty Trust during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 38.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Truist Financial raised their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a "hold" rating in a report on Monday, March 24th. UBS Group initiated coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They issued a "buy" rating and a $15.00 price objective for the company.

Peakstone Realty Trust Trading Up 5.2 %

Shares of NYSE:PKST traded up $0.58 on Friday, reaching $11.79. 187,482 shares of the company traded hands, compared to its average volume of 183,945. The stock has a market capitalization of $433.34 million, a P/E ratio of -42.11 and a beta of 1.73. The business's 50-day simple moving average is $12.03 and its 200 day simple moving average is $11.92. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $54.68 million. As a group, equities analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 7.63%. Peakstone Realty Trust's payout ratio is currently -321.43%.

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.