HighTower Advisors LLC Sells 1,102 Shares of Peakstone Realty Trust (NYSE:PKST)

HighTower Advisors LLC lessened its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 7.4% during the 3rd quarter, Holdings Channel reports. The firm owned 13,827 shares of the company’s stock after selling 1,102 shares during the period. HighTower Advisors LLC’s holdings in Peakstone Realty Trust were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKST. Raffles Associates LP grew its stake in shares of Peakstone Realty Trust by 42.9% in the 3rd quarter. Raffles Associates LP now owns 39,987 shares of the company’s stock worth $545,000 after buying an additional 12,000 shares in the last quarter. Captrust Financial Advisors bought a new stake in Peakstone Realty Trust during the 3rd quarter valued at $781,000. Martingale Asset Management L P purchased a new stake in Peakstone Realty Trust in the third quarter worth about $170,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Peakstone Realty Trust by 42.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,875 shares of the company’s stock worth $666,000 after acquiring an additional 14,676 shares in the last quarter. Finally, FMR LLC increased its position in Peakstone Realty Trust by 143.3% during the 3rd 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. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of NYSE PKST opened at $11.26 on Thursday. The company’s fifty day moving average price is $13.01 and its 200 day moving average price is $12.89. The company has a market capitalization of $409.66 million, a PE ratio of -9.54 and a beta of 2.51. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24.

Peakstone Realty Trust Dividend Announcement

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 dividend yield of 7.99%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

Analyst Ratings Changes

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

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.