Golden State Wealth Management LLC Acquires Shares of 2,772 Peakstone Realty Trust (NYSE:PKST)

Golden State Wealth Management LLC acquired a new stake in shares of Peakstone Realty Trust (NYSE:PKST) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,772 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Group Advisors LLC grew its holdings in Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after purchasing an additional 970 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Peakstone Realty Trust by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock valued at $149,000 after purchasing an additional 1,089 shares during the period. Daiwa Securities Group Inc. grew its holdings in Peakstone Realty Trust by 10.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock valued at $164,000 after purchasing an additional 1,148 shares during the period. Arkadios Wealth Advisors grew its holdings in Peakstone Realty Trust by 11.0% during the third quarter. Arkadios Wealth Advisors now owns 16,759 shares of the company’s stock valued at $228,000 after purchasing an additional 1,661 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Peakstone Realty Trust by 6.0% during the third quarter. Harbour Investments Inc. now owns 33,014 shares of the company’s stock valued at $450,000 after purchasing an additional 1,871 shares during the period. 38.98% of the stock is owned by institutional investors.

Peakstone Realty Trust Price Performance

Peakstone Realty Trust stock opened at $10.75 on Wednesday. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $16.86. The business has a fifty day moving average price of $11.36 and a 200-day moving average price of $12.67. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The firm has a market capitalization of $391.09 million, a P/E ratio of -9.11 and a beta of 2.58.

Analyst Ratings Changes

Several brokerages have weighed in on PKST. UBS Group started coverage on Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 price objective for the company. Truist Financial raised their price target on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report 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.