Centaurus Financial Inc. Increases Stock Holdings in Peakstone Realty Trust (NYSE:PKST)

Centaurus Financial Inc. boosted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,253,223 shares of the company’s stock after buying an additional 49,769 shares during the period. Peakstone Realty Trust makes up approximately 1.1% of Centaurus Financial Inc.’s holdings, making the stock its 12th largest holding. Centaurus Financial Inc. owned approximately 3.44% of Peakstone Realty Trust worth $17,081,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tsfg LLC boosted its position in shares of Peakstone Realty Trust by 43.0% during the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock valued at $31,000 after buying an additional 882 shares during the period. Fortis Group Advisors LLC lifted its stake in shares of Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after acquiring an additional 970 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Peakstone Realty Trust by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock valued at $149,000 after acquiring an additional 1,089 shares during the period. Accel Wealth Management grew its position in Peakstone Realty Trust by 13.0% in the 2nd quarter. Accel Wealth Management now owns 11,914 shares of the company’s stock valued at $126,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Peakstone Realty Trust by 2.8% in the second quarter. Rhumbline Advisers now owns 58,050 shares of the company’s stock worth $615,000 after purchasing an additional 1,569 shares during the period. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Price Performance

Shares of PKST stock opened at $13.12 on Friday. The company has a market capitalization of $477.31 million, a P/E ratio of -11.12 and a beta of 2.57. The company’s 50-day simple moving average is $13.72 and its two-hundred day simple moving average is $12.99. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 6.86%. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -76.27%.

Analyst Ratings Changes

Separately, Truist Financial boosted their target price 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.

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.