Keystone Wealth Services LLC Sells 6,593 Shares of Peakstone Realty Trust (NYSE:PKST)

Keystone Wealth Services LLC lowered its position in shares of Peakstone Realty Trust (NYSE:PKST) by 26.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,060 shares of the company’s stock after selling 6,593 shares during the period. Keystone Wealth Services LLC’s holdings in Peakstone Realty Trust were worth $200,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of Peakstone Realty Trust during the fourth quarter worth about $30,000. Golden State Wealth Management LLC acquired a new stake in Peakstone Realty Trust during the 4th quarter worth approximately $31,000. Financial Life Planners bought a new stake in Peakstone Realty Trust during the 4th quarter worth approximately $39,000. Geneos Wealth Management Inc. acquired a new position in Peakstone Realty Trust in the 4th quarter valued at approximately $67,000. Finally, FMR LLC raised its stake in shares of Peakstone Realty Trust by 143.3% during the third quarter. FMR LLC now owns 8,982 shares of the company’s stock valued at $122,000 after acquiring an additional 5,290 shares during the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. UBS Group began coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They issued a “buy” rating and a $15.00 price target on the stock.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $11.19 on Tuesday. The business has a 50-day moving average price of $10.87 and a two-hundred day moving average price of $12.49. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. 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 company has a market cap of $407.11 million, a P/E ratio of -39.96 and a beta of 2.58.

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

Peakstone Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.04%. Peakstone Realty Trust’s payout ratio is presently -321.43%.

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.