StoneX Group Inc. Purchases Shares of 11,277 Peakstone Realty Trust (NYSE:PKST)

StoneX Group Inc. acquired a new position in Peakstone Realty Trust (NYSE:PKST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,277 shares of the company’s stock, valued at approximately $127,000.

Other large investors have also recently modified their holdings of the company. 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Peakstone Realty Trust by 42.9% during the third 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 during the last quarter. Martingale Asset Management L P acquired a new position in shares of Peakstone Realty Trust during the third quarter valued at about $170,000. Captrust Financial Advisors purchased a new position in shares of Peakstone Realty Trust in the 3rd quarter valued at approximately $781,000. Finally, IHT Wealth Management LLC acquired a new stake in Peakstone Realty Trust in the 3rd quarter worth approximately $141,000. Institutional investors own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PKST shares. Truist Financial upped their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, March 24th. UBS Group initiated coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They issued a “buy” rating and a $15.00 target price on the stock.

Peakstone Realty Trust Trading Down 1.3 %

Peakstone Realty Trust stock opened at $12.54 on Friday. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26. The stock has a 50-day moving average price of $11.52 and a 200 day moving average price of $12.38. 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 company has a market capitalization of $460.72 million, a price-to-earnings ratio of -44.77 and a beta of 1.69.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.85. The business had revenue of $57.93 million for the quarter, compared to the consensus estimate of $54.68 million. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. Sell-side analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio is currently -321.43%.

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.