Peakstone Realty Trust (NYSE:PKST) Given New $15.00 Price Target at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its price target boosted by Truist Financial from $13.00 to $15.00 in a research note released on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Separately, UBS Group began coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They set a “buy” rating and a $15.00 price target on the stock.

Peakstone Realty Trust Price Performance

Shares of PKST opened at $12.56 on Monday. 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 company has a 50-day simple moving average of $11.35 and a 200-day simple moving average of $12.42. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.86. The firm has a market capitalization of $461.64 million, a P/E ratio of -44.86 and a beta of 2.41.

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

Peakstone Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.225 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.90 annualized dividend and a dividend yield of 7.17%. Peakstone Realty Trust’s dividend payout ratio is currently -321.43%.

Hedge Funds Weigh In On Peakstone Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its position in Peakstone Realty Trust by 318.6% in the third quarter. Barclays PLC now owns 56,078 shares of the company’s stock valued at $764,000 after acquiring an additional 42,681 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Peakstone Realty Trust by 106.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock valued at $1,724,000 after purchasing an additional 65,137 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 10,722 shares during the last quarter. Jane Street Group LLC increased its position in shares of Peakstone Realty Trust by 83.6% during the 3rd quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock worth $1,236,000 after purchasing an additional 41,313 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Peakstone Realty Trust during the 4th quarter valued at about $144,000. 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.