Peakstone Realty Trust (NYSE:PKST) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC cut its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,218 shares of the company’s stock after selling 1,077 shares during the period. Aptus Capital Advisors LLC owned approximately 0.07% of Peakstone Realty Trust worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Peakstone Realty Trust by 458.1% during the 4th quarter. Invesco Ltd. now owns 675,048 shares of the company’s stock worth $7,473,000 after acquiring an additional 554,091 shares during the period. Raffles Associates LP increased its stake in shares of Peakstone Realty Trust by 225.1% during the fourth quarter. Raffles Associates LP now owns 129,987 shares of the company’s stock valued at $1,439,000 after acquiring an additional 90,000 shares during the period. JPMorgan Chase & Co. raised its holdings in Peakstone Realty Trust by 64.0% during the fourth quarter. JPMorgan Chase & Co. now owns 207,463 shares of the company’s stock worth $2,297,000 after purchasing an additional 80,980 shares in the last quarter. Meixler Investment Management Ltd. acquired a new stake in Peakstone Realty Trust in the fourth quarter worth approximately $603,000. Finally, Northern Trust Corp boosted its stake in Peakstone Realty Trust by 16.4% during the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company’s stock valued at $4,101,000 after buying an additional 52,119 shares in the last quarter. 38.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have 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 company a “hold” rating in a report on Monday, March 24th. UBS Group began coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They set a “buy” rating and a $15.00 price objective for the company.

Peakstone Realty Trust Stock Up 1.4 %

PKST stock opened at $11.30 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The firm has a market capitalization of $415.33 million, a P/E ratio of -40.36 and a beta of 1.73. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $16.26. The company’s 50 day simple moving average is $12.02 and its 200-day simple moving average is $11.94.

Peakstone Realty Trust (NYSE:PKST) last issued its earnings results on Thursday, May 8th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. As a group, equities research analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

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 dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date was Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -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.