Peakstone Realty Trust (NYSE:PKST) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 144,713 shares of the company’s stock after buying an additional 4,160 shares during the period. Sigma Planning Corp’s holdings in Peakstone Realty Trust were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC acquired a new stake in shares of Peakstone Realty Trust in the 3rd quarter worth about $30,000. Spire Wealth Management acquired a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at approximately $30,000. Golden State Wealth Management LLC acquired a new stake in Peakstone Realty Trust in the 4th quarter valued at approximately $31,000. Financial Life Planners acquired a new stake in Peakstone Realty Trust in the 4th quarter valued at approximately $39,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Peakstone Realty Trust in the 4th quarter valued at approximately $67,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PKST. Truist Financial raised their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. UBS Group initiated coverage on Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 price target on the stock.

Peakstone Realty Trust Price Performance

Shares of NYSE:PKST opened at $10.43 on Monday. The stock has a market cap of $379.44 million, a price-to-earnings ratio of -37.25 and a beta of 2.58. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.86. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $12.53.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.85. The company had revenue of $57.93 million for the quarter, compared to the consensus estimate of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. Equities research analysts anticipate that Peakstone Realty Trust will post 2.13 earnings per share for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.225 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.90 annualized dividend and a dividend yield of 8.63%. Peakstone Realty Trust’s dividend payout ratio is currently -321.42%.

Peakstone Realty Trust 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.