Nomura Asset Management Co. Ltd. Buys 4,000 Shares of Peakstone Realty Trust (NYSE:PKST)

Nomura Asset Management Co. Ltd. raised its position in shares of Peakstone Realty Trust (NYSE:PKST) by 9.3% during the third quarter, HoldingsChannel reports. The fund owned 47,000 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Peakstone Realty Trust were worth $641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PKST. Fortitude Family Office LLC bought a new stake in shares of Peakstone Realty Trust during the 3rd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Peakstone Realty Trust during the second quarter worth $43,000. Fortis Group Advisors LLC lifted its position in shares of Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares during the last quarter. Arizona State Retirement System purchased a new stake in shares of Peakstone Realty Trust during the second quarter valued at $108,000. Finally, International Assets Investment Management LLC bought a new position in shares of Peakstone Realty Trust in the second quarter worth about $116,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Trading Up 0.3 %

Shares of NYSE PKST opened at $12.32 on Monday. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73. The stock has a 50 day moving average price of $13.33 and a 200 day moving average price of $12.91. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03.

Peakstone Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is -76.27%.

Wall Street Analysts Forecast Growth

Separately, 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 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.