Peakstone Realty Trust (NYSE:PKST) Announces Quarterly Earnings Results, Beats Estimates By $0.85 EPS

Peakstone Realty Trust (NYSE:PKST) posted its quarterly earnings results on Thursday. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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%. The firm had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million.

Peakstone Realty Trust Stock Performance

Shares of PKST traded up $0.05 during midday trading on Friday, hitting $10.72. 68,024 shares of the stock traded hands, compared to its average volume of 164,297. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. The firm has a market capitalization of $390.14 million, a PE ratio of -9.05 and a beta of 2.58. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The business’s 50 day moving average price is $11.03 and its two-hundred day moving average price is $12.53.

Wall Street Analysts Forecast Growth

PKST has been the topic of a number of analyst reports. UBS Group initiated coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 price objective on the stock. Truist Financial lifted their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th.

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.