Nisa Investment Advisors LLC Sells 1,841 Shares of Peakstone Realty Trust (NYSE:PKST)

Nisa Investment Advisors LLC trimmed its position in Peakstone Realty Trust (NYSE:PKST) by 10.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,164 shares of the company’s stock after selling 1,841 shares during the period. Nisa Investment Advisors LLC’s holdings in Peakstone Realty Trust were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Centaurus Financial Inc. grew its stake in Peakstone Realty Trust by 55.6% in the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock valued at $12,757,000 after acquiring an additional 429,983 shares during the period. International Assets Investment Management LLC grew its position in Peakstone Realty Trust by 1,600.9% in the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after purchasing an additional 175,008 shares during the period. Cetera Investment Advisers increased its stake in Peakstone Realty Trust by 176.1% during the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock valued at $2,571,000 after purchasing an additional 101,668 shares in the last quarter. AQR Capital Management LLC increased its stake in Peakstone Realty Trust by 102.3% during the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock valued at $1,154,000 after purchasing an additional 55,071 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Peakstone Realty Trust by 19.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock worth $3,252,000 after buying an additional 51,025 shares during the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $13.92 on Thursday. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $21.73. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The business has a 50 day moving average price of $13.75 and a 200-day moving average price of $13.05. The company has a market cap of $506.41 million, a PE ratio of -11.80 and a beta of 2.57.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is currently -76.27%.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price on shares of Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st.

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.