Peakstone Realty Trust (NYSE:PKST) Price Target Raised to $15.00

Peakstone Realty Trust (NYSE:PKST) had its target price upped by Truist Financial from $13.00 to $15.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $12.97 on Tuesday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $13.83 and a 200-day moving average of $13.04. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $21.73.

Peakstone Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is -76.27%.

Hedge Funds Weigh In On Peakstone Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Peakstone Realty Trust during the 1st quarter worth about $48,000. Vanguard Group Inc. boosted its holdings in shares of Peakstone Realty Trust by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock worth $58,364,000 after buying an additional 46,436 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of Peakstone Realty Trust in the first quarter valued at about $168,000. Coppell Advisory Solutions Corp. acquired a new position in Peakstone Realty Trust in the first quarter valued at about $286,000. Finally, Cetera Investment Advisers lifted its position in shares of Peakstone Realty Trust by 176.1% during the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock worth $2,571,000 after buying an additional 101,668 shares during the last quarter. 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.