ARS Investment Partners LLC Purchases Shares of 27,000 Peakstone Realty Trust (NYSE:PKST)

ARS Investment Partners LLC purchased a new stake in Peakstone Realty Trust (NYSE:PKST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,000 shares of the company’s stock, valued at approximately $299,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Peakstone Realty Trust by 106.2% in the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock valued at $1,724,000 after purchasing an additional 65,137 shares in the last quarter. Barclays PLC boosted its position in Peakstone Realty Trust by 318.6% during the 3rd quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after acquiring an additional 42,681 shares during the period. Geode Capital Management LLC grew its stake in Peakstone Realty Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock valued at $12,578,000 after acquiring an additional 10,722 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Peakstone Realty Trust by 9.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 47,000 shares of the company’s stock valued at $641,000 after purchasing an additional 4,000 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in Peakstone Realty Trust by 37.6% during the third quarter. Orion Portfolio Solutions LLC now owns 21,027 shares of the company’s stock valued at $287,000 after purchasing an additional 5,746 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

Analysts Set New Price Targets

PKST has been the topic of several research analyst reports. UBS Group started coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 price target on the stock. Truist Financial boosted their target price 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 Price Performance

NYSE PKST opened at $11.24 on Tuesday. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The company has a fifty day simple moving average of $12.14 and a 200 day simple moving average of $12.89. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend was Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is -76.27%.

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.