Fmr LLC Boosts Stock Position in Peakstone Realty Trust (NYSE:PKST)

Fmr LLC grew its holdings in Peakstone Realty Trust (NYSE:PKST) by 143.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,982 shares of the company’s stock after buying an additional 5,290 shares during the quarter. Fmr LLC’s holdings in Peakstone Realty Trust were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC acquired a new stake in shares of Peakstone Realty Trust in the third quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Peakstone Realty Trust in the second quarter valued at about $43,000. Fortis Group Advisors LLC boosted its stake 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 valued at $86,000 after purchasing an additional 970 shares during the period. Arizona State Retirement System acquired a new position in shares of Peakstone Realty Trust in the second quarter worth about $108,000. Finally, International Assets Investment Management LLC acquired a new stake in Peakstone Realty Trust in the second quarter valued at $116,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th.

Peakstone Realty Trust Stock Performance

PKST stock opened at $11.38 on Monday. 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 stock’s fifty day moving average is $13.18 and its two-hundred day moving average is $12.90. The stock has a market capitalization of $414.03 million, a price-to-earnings ratio of -9.64 and a beta of 2.50. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73.

Peakstone Realty Trust Dividend Announcement

The firm 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. This represents a $0.90 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is -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.