6,035 Shares in Peakstone Realty Trust (NYSE:PKST) Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. purchased a new stake in Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,035 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds have also recently bought and sold shares of PKST. Barclays PLC boosted its holdings in shares of Peakstone Realty Trust by 318.6% in the 3rd quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after acquiring an additional 42,681 shares in the last quarter. Geode Capital Management LLC boosted its stake in Peakstone Realty Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after purchasing an additional 10,722 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Peakstone Realty Trust by 106.2% during the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after purchasing an additional 65,137 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Peakstone Realty Trust by 83.6% in the third quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock valued at $1,236,000 after buying an additional 41,313 shares in the last quarter. Finally, Centaurus Financial Inc. raised its holdings in shares of Peakstone Realty Trust by 4.1% in the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock valued at $17,081,000 after buying an additional 49,769 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Trading Down 0.4 %

Shares of PKST opened at $10.75 on Friday. The stock’s fifty day simple moving average is $11.75 and its 200-day simple moving average is $12.85. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $391.09 million, a PE ratio of -9.11 and a beta of 2.59. Peakstone Realty Trust has a 12-month low of $9.89 and a 12-month high of $16.86.

Peakstone Realty Trust (NYSE:PKST) last issued its earnings results on Wednesday, October 30th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($1.34). Peakstone Realty Trust had a negative net margin of 18.26% and a negative return on equity of 3.61%. The business had revenue of $54.96 million during the quarter, compared to the consensus estimate of $57.76 million. During the same period last year, the business posted $0.78 EPS. As a group, research analysts predict that Peakstone Realty Trust will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PKST. Truist Financial increased their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. UBS Group started coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They issued a “buy” rating and a $15.00 price target for the company.

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.