Beacon Capital Management LLC Sells 4,380 Shares of Peakstone Realty Trust (NYSE:PKST)

Beacon Capital Management LLC decreased its position in Peakstone Realty Trust (NYSE:PKST) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,239 shares of the company’s stock after selling 4,380 shares during the quarter. Beacon Capital Management LLC owned approximately 0.13% of Peakstone Realty Trust worth $534,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Centaurus Financial Inc. grew its stake in shares of 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 acquiring an additional 49,769 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Peakstone Realty Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after acquiring an additional 10,722 shares in the last quarter. International Assets Investment Management LLC grew its position in Peakstone Realty Trust by 1,600.9% during the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after buying an additional 175,008 shares during the period. Sigma Planning Corp grew its position in Peakstone Realty Trust by 22.8% during the third quarter. Sigma Planning Corp now owns 140,553 shares of the company’s stock valued at $1,916,000 after buying an additional 26,085 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Peakstone Realty Trust by 106.2% during the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock valued at $1,724,000 after buying an additional 65,137 shares during the period. Institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

PKST opened at $10.84 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The firm has a market cap of $394.21 million, a P/E ratio of -9.18 and a beta of 2.58. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.86. The firm has a 50-day moving average of $11.18 and a 200 day moving average of $12.59.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Peakstone Realty Trust in a research report on Thursday, January 16th. They set a “buy” rating and a $15.00 price target for the company. Truist Financial increased 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 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.