PFG Investments LLC Boosts Stake in Peakstone Realty Trust (NYSE:PKST)

PFG Investments LLC raised its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,130 shares of the company’s stock after buying an additional 2,488 shares during the period. PFG Investments LLC’s holdings in Peakstone Realty Trust were worth $145,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PKST. Geneos Wealth Management Inc. bought a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $67,000. SG Americas Securities LLC increased its position in shares of Peakstone Realty Trust by 13.9% during the fourth quarter. SG Americas Securities LLC now owns 15,742 shares of the company’s stock worth $174,000 after acquiring an additional 1,919 shares during the period. Clear Harbor Asset Management LLC raised its stake in shares of Peakstone Realty Trust by 125.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 72,888 shares of the company’s stock valued at $807,000 after acquiring an additional 40,626 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at approximately $299,000. Finally, JPMorgan Chase & Co. grew its stake in Peakstone Realty Trust by 106.2% in 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 in the last quarter. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

PKST opened at $10.75 on Friday. The firm has a market capitalization of $391.09 million, a PE ratio of -9.11 and a beta of 2.59. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The business’s 50-day moving average is $11.71 and its two-hundred day moving average is $12.83. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.34). Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%. The business had revenue of $54.96 million during the quarter, compared to analyst estimates of $57.76 million. During the same period in the previous year, the business earned $0.78 EPS. Research analysts anticipate that Peakstone Realty Trust will post 2.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PKST has been the topic of a number of recent research reports. UBS Group began coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They set a “buy” rating and a $15.00 price target on the stock. Truist Financial increased their target price 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.

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.