Asset Management One Co. Ltd. Grows Stock Position in Peakstone Realty Trust (NYSE:PKST)

Asset Management One Co. Ltd. increased its stake in Peakstone Realty Trust (NYSE:PKST) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,671 shares of the company’s stock after acquiring an additional 2,958 shares during the period. Asset Management One Co. Ltd. owned about 0.15% of Peakstone Realty Trust worth $718,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in shares of Peakstone Realty Trust during the third quarter valued at approximately $30,000. Tsfg LLC grew its holdings in Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after acquiring an additional 882 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Peakstone Realty Trust in the 2nd quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Peakstone Realty Trust in the first quarter valued at about $48,000. Finally, Fortis Group Advisors LLC raised its stake 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 valued at $86,000 after acquiring an additional 970 shares during the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial cut their target price on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st.

Peakstone Realty Trust Price Performance

PKST opened at $13.89 on Monday. The stock’s 50 day moving average price is $13.79 and its 200-day moving average price is $13.06. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.225 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 6.48%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

About Peakstone Realty Trust

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.