Peakstone Realty Trust (NYSE:PKST) Issues Quarterly Earnings Results

Peakstone Realty Trust (NYSE:PKST) released its earnings results on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.85, Zacks reports. Peakstone Realty Trust had a negative net margin of 18.26% and a negative return on equity of 3.61%.

Peakstone Realty Trust Stock Up 1.2 %

NYSE PKST traded up $0.12 during trading on Thursday, reaching $10.70. The company’s stock had a trading volume of 176,452 shares, compared to its average volume of 167,741. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $389.43 million, a PE ratio of -9.07 and a beta of 2.58. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. The business has a 50-day moving average price of $11.06 and a 200-day moving average price of $12.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. UBS Group began coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They issued a “buy” rating and a $15.00 target price on the stock.

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.