Pekin Hardy Strauss Inc. Purchases New Position in Peakstone Realty Trust (NYSE:PKST)

Pekin Hardy Strauss Inc. acquired a new stake in Peakstone Realty Trust (NYSE:PKST) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,400 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors have also added to or reduced their stakes in PKST. Vanguard Group Inc. raised its stake in shares of Peakstone Realty Trust by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock worth $58,364,000 after purchasing an additional 46,436 shares during the last quarter. Centaurus Financial Inc. raised its position in Peakstone Realty Trust by 4.1% in the 3rd quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock worth $17,081,000 after buying an additional 49,769 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Peakstone Realty Trust by 19.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock valued at $3,252,000 after acquiring an additional 51,025 shares during the period. International Assets Investment Management LLC lifted its stake in Peakstone Realty Trust by 1,600.9% during the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after acquiring an additional 175,008 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Peakstone Realty Trust by 14.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 165,129 shares of the company’s stock valued at $1,750,000 after acquiring an additional 21,333 shares during the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, November 12th.

Peakstone Realty Trust Stock Up 3.1 %

NYSE PKST opened at $13.12 on Monday. 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 current ratio of 5.24 and a quick ratio of 5.24. The business’s fifty day moving average price is $13.72 and its 200-day moving average price is $12.99.

Peakstone Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 6.86%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is -76.27%.

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.