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

Golden State Wealth Management LLC purchased a new stake in shares of Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, Holdings Channel reports. The firm purchased 2,772 shares of the company’s stock, valued at approximately $31,000.

A number of other large investors have also added to or reduced their stakes in PKST. Fortitude Family Office LLC purchased a new position in shares of Peakstone Realty Trust in the third quarter worth about $30,000. Spire Wealth Management purchased a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $30,000. Financial Life Planners purchased a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $39,000. Geneos Wealth Management Inc. purchased a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $67,000. Finally, Fortis Group Advisors LLC increased its holdings in shares of Peakstone Realty Trust by 18.3% in the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after buying an additional 970 shares during the period. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Wall Street Analyst Weigh In

PKST has been the topic of several analyst reports. UBS Group initiated coverage on Peakstone Realty Trust in a report on Thursday, January 16th. They issued a “buy” rating and a $15.00 price objective on the stock. Truist Financial lifted their price objective 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 Stock Up 1.8 %

Shares of NYSE:PKST opened at $10.75 on Wednesday. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The stock’s 50-day moving average is $11.36 and its 200 day moving average is $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 company has a market cap of $391.09 million, a PE ratio of -9.11 and a beta of 2.58.

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.