Nisa Investment Advisors LLC Cuts Stake in Peakstone Realty Trust (NYSE:PKST)

Nisa Investment Advisors LLC lowered its position in shares of Peakstone Realty Trust (NYSE:PKST) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,726 shares of the company’s stock after selling 1,331 shares during the period. Nisa Investment Advisors LLC’s holdings in Peakstone Realty Trust were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its position in Peakstone Realty Trust by 5.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 58,978 shares of the company’s stock valued at $1,239,000 after acquiring an additional 3,023 shares in the last quarter. Retirement Financial Solutions LLC boosted its stake in Peakstone Realty Trust by 7.9% during the fourth quarter. Retirement Financial Solutions LLC now owns 25,809 shares of the company’s stock worth $514,000 after buying an additional 1,898 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Peakstone Realty Trust by 45.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,385 shares of the company’s stock valued at $327,000 after purchasing an additional 5,154 shares during the last quarter. Raymond James & Associates acquired a new position in shares of Peakstone Realty Trust in the 4th quarter valued at $502,000. Finally, SG Americas Securities LLC lifted its stake in Peakstone Realty Trust by 25.3% during the 4th quarter. SG Americas Securities LLC now owns 20,484 shares of the company’s stock worth $408,000 after acquiring an additional 4,130 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price target on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday.

Peakstone Realty Trust Trading Up 4.5 %

PKST opened at $12.88 on Friday. Peakstone Realty Trust has a one year low of $12.10 and a one year high of $43.00. The company has a market cap of $467.67 million and a P/E ratio of -0.83. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.89 and a current ratio of 5.89. The business’s 50-day simple moving average is $14.70 and its 200-day simple moving average is $15.72.

Peakstone Realty Trust (NYSE:PKST) last announced its earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($1.20). The firm had revenue of $63.06 million during the quarter, compared to analyst estimates of $62.07 million. Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. As a group, equities research analysts expect that Peakstone Realty Trust will post 3.03 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 29th were given a $0.225 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.99%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -5.80%.

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.