Truist Financial Forecasts Strong Price Appreciation for Peakstone Realty Trust (NYSE:PKST) Stock

Peakstone Realty Trust (NYSE:PKST) had its target price upped by research analysts at Truist Financial from $13.00 to $15.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 13.97% from the stock’s previous close.

Separately, UBS Group initiated coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 price objective on the stock.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $13.16 on Monday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $11.22 and a 200 day simple moving average of $12.42. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. The stock has a market capitalization of $483.73 million, a PE ratio of -47.00 and a beta of 2.41.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.85. The company had revenue of $57.93 million for the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative net margin of 4.38% and a negative return on equity of 0.85%. On average, research analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Institutional Trading of Peakstone Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Focus Partners Wealth lifted its position in Peakstone Realty Trust by 5.2% during the fourth quarter. Focus Partners Wealth now owns 19,538 shares of the company’s stock worth $216,000 after acquiring an additional 963 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Peakstone Realty Trust by 10.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,010 shares of the company’s stock worth $164,000 after purchasing an additional 1,148 shares during the period. Waverly Advisors LLC increased its stake in shares of Peakstone Realty Trust by 11.9% during the fourth quarter. Waverly Advisors LLC now owns 12,126 shares of the company’s stock worth $134,000 after purchasing an additional 1,290 shares during the period. SG Americas Securities LLC lifted its holdings in Peakstone Realty Trust by 13.9% during the 4th quarter. SG Americas Securities LLC now owns 15,742 shares of the company’s stock worth $174,000 after purchasing an additional 1,919 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in Peakstone Realty Trust by 23.4% in the 4th quarter. PFG Investments LLC now owns 13,130 shares of the company’s stock valued at $145,000 after purchasing an additional 2,488 shares during the period. Institutional investors own 38.98% of the company’s stock.

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.