Pekin Hardy Strauss Inc. Purchases New Position in Peakstone Realty Trust (NYSE:PKST)

Pekin Hardy Strauss Inc. acquired a new position in Peakstone Realty Trust (NYSE:PKST) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 35,400 shares of the company’s stock, valued at approximately $483,000. Pekin Hardy Strauss Inc. owned 0.10% of Peakstone Realty Trust at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Peakstone Realty Trust by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock valued at $58,364,000 after purchasing an additional 46,436 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in Peakstone Realty Trust during the first quarter valued at $168,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Peakstone Realty Trust during the 1st quarter valued at $286,000. Cetera Investment Advisers grew its position in shares of Peakstone Realty Trust by 176.1% in the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock worth $2,571,000 after buying an additional 101,668 shares during the period. Finally, Cetera Advisors LLC increased its stake in shares of Peakstone Realty Trust by 68.4% in the 1st quarter. Cetera Advisors LLC now owns 108,152 shares of the company’s stock worth $1,744,000 after acquiring an additional 43,925 shares in the last quarter. 38.98% of the stock is owned by institutional investors.

Peakstone Realty Trust Stock Performance

Peakstone Realty Trust stock opened at $13.12 on Monday. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $21.73. 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 stock’s 50 day moving average is $13.72 and its 200 day moving average is $12.99.

Peakstone Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.86%. Peakstone Realty Trust’s dividend payout ratio is currently -76.27%.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th.

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.