Peakstone Realty Trust (PKST) to Release Quarterly Earnings on Tuesday

Peakstone Realty Trust (NYSE:PKST) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Peakstone Realty Trust to post earnings of $0.78 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Peakstone Realty Trust (NYSE:PKST) last released its earnings results on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($1.20). Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. The company had revenue of $63.06 million for the quarter, compared to analysts’ expectations of $62.07 million. On average, analysts expect Peakstone Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $13.87 on Monday. The stock has a 50 day moving average price of $14.61 and a 200 day moving average price of $15.63. Peakstone Realty Trust has a one year low of $12.10 and a one year high of $39.91. 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 stock has a market cap of $503.62 million and a PE ratio of -0.89.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Friday, March 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.90 annualized dividend and a dividend yield of 6.49%. Peakstone Realty Trust’s dividend payout ratio is presently -5.80%.

Analyst Upgrades and Downgrades

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 research note on Tuesday, April 16th.

About Peakstone Realty Trust

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.