Weiss Ratings Reaffirms Sell (D-) Rating for Peakstone Realty Trust (NYSE:PKST)

Key Points

• Weiss Ratings has reaffirmed its sell (D-) rating for Peakstone Realty Trust (NYSE:PKST), citing ongoing concerns about the company's financial performance.
• While Weiss maintains a negative outlook, other analysts have differing views; for instance, Truist Financial upgraded PKST to a buy rating with a price target increase from $16.00 to $19.00.
• Institutional investors hold nearly 39% of Peakstone Realty Trust's stock, indicating significant confidence from large investment entities despite mixed analyst opinions.

Peakstone Realty Trust (NYSE:PKST - Get Free Report)'s stock had its "sell (d-)" rating restated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

PKST has been the subject of a number of other research reports. Truist Financial upgraded Peakstone Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $16.00 to $19.00 in a research note on Wednesday, September 3rd. Zacks Research lowered Peakstone Realty Trust from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. Finally, UBS Group increased their target price on Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Peakstone Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $17.50.

Peakstone Realty Trust Stock Performance

PKST opened at $13.46 on Wednesday. The company has a 50 day simple moving average of $13.14 and a two-hundred day simple moving average of $12.82. The company has a debt-to-equity ratio of 1.61, a current ratio of 5.02 and a quick ratio of 5.02. The firm has a market cap of $495.19 million, a P/E ratio of -1.51 and a beta of 1.76. Peakstone Realty Trust has a 1-year low of $10.14 and a 1-year high of $14.80.

Institutional Trading of Peakstone Realty Trust

Large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Peakstone Realty Trust by 21.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,996 shares of the company's stock valued at $567,000 after acquiring an additional 8,000 shares during the last quarter. Aurora Private Wealth Inc. bought a new stake in Peakstone Realty Trust in the first quarter worth $242,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Peakstone Realty Trust during the first quarter valued at $129,000. GAMMA Investing LLC lifted its position in Peakstone Realty Trust by 274.9% during the first 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 last quarter. Finally, Invesco Ltd. grew its stake in shares of Peakstone Realty Trust by 23.3% in the 1st quarter. Invesco Ltd. now owns 832,315 shares of the company's stock worth $10,487,000 after buying an additional 157,267 shares in the last quarter. Institutional investors own 38.98% of the company's stock.

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.

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