Peakstone Realty Trust (NYSE:PKST) Upgraded by UBS Group to “Strong-Buy” Rating

Peakstone Realty Trust (NYSE:PKST) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Truist Financial raised 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 report on Tuesday, November 12th.

Peakstone Realty Trust Trading Up 4.9 %

Shares of NYSE:PKST opened at $11.42 on Wednesday. The firm has a fifty day moving average of $12.25 and a two-hundred day moving average of $12.86. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 12-month low of $9.89 and a 12-month high of $16.86. The firm has a market capitalization of $415.39 million, a P/E ratio of -9.68 and a beta of 2.59.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of Peakstone Realty Trust during the 3rd quarter valued at about $30,000. Fortis Group Advisors LLC raised its position in Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares during the last quarter. FMR LLC lifted its holdings in Peakstone Realty Trust by 143.3% during the 3rd quarter. FMR LLC now owns 8,982 shares of the company’s stock worth $122,000 after buying an additional 5,290 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Peakstone Realty Trust during the 3rd quarter worth $138,000. Finally, IHT Wealth Management LLC bought a new position in Peakstone Realty Trust in the 3rd quarter valued at $141,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

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.