UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 14,676 Shares of Peakstone Realty Trust (NYSE:PKST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Peakstone Realty Trust (NYSE:PKST) by 42.9% during the third quarter, HoldingsChannel.com reports. The fund owned 48,875 shares of the company’s stock after purchasing an additional 14,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Peakstone Realty Trust were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PKST. Fortitude Family Office LLC bought a new position in shares of Peakstone Realty Trust during the third quarter valued at $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Peakstone Realty Trust during the 2nd quarter worth about $43,000. Fortis Group Advisors LLC lifted its holdings in Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after purchasing an additional 970 shares during the last quarter. FMR LLC boosted its position in Peakstone Realty Trust by 143.3% in the third quarter. FMR LLC now owns 8,982 shares of the company’s stock valued at $122,000 after buying an additional 5,290 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in Peakstone Realty Trust during the third quarter worth about $138,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lifted their target price on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th.

Peakstone Realty Trust Price Performance

Peakstone Realty Trust stock opened at $11.38 on Friday. The business’s fifty day moving average is $13.18 and its two-hundred day moving average is $12.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The firm has a market cap of $414.03 million, a P/E ratio of -9.64 and a beta of 2.50. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $21.73.

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 dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 7.91%. Peakstone Realty Trust’s dividend payout ratio (DPR) is -76.27%.

Peakstone Realty Trust Company 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.