Peakstone Realty Trust (NYSE:PKST) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its position in Peakstone Realty Trust (NYSE:PKST) by 13.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,289 shares of the company’s stock after selling 3,253 shares during the period. J.W. Cole Advisors Inc. owned 0.06% of Peakstone Realty Trust worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PKST. Allspring Global Investments Holdings LLC bought a new position in Peakstone Realty Trust during the first quarter worth $48,000. Commonwealth Equity Services LLC boosted its holdings in shares of Peakstone Realty Trust by 0.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 114,417 shares of the company’s stock valued at $1,846,000 after buying an additional 768 shares during the period. Vanguard Group Inc. boosted its holdings 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 buying an additional 46,436 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Peakstone Realty Trust during the 1st quarter valued at about $168,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Peakstone Realty Trust during the first quarter worth about $286,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Peakstone Realty Trust Price Performance

Shares of NYSE PKST opened at $13.12 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 8.03 and a quick ratio of 8.03. The firm has a market capitalization of $476.33 million, a PE ratio of -0.84 and a beta of 2.63. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The business’s fifty day moving average price is $13.76 and its two-hundred day moving average price is $13.04.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors 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 dividend on an annualized basis and a dividend yield of 6.86%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -5.79%.

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.