Peakstone Realty Trust (NYSE:PKST) Posts Quarterly Earnings Results, Beats Expectations By $0.85 EPS

Peakstone Realty Trust (NYSE:PKST) released its earnings results on Thursday. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.85, Zacks reports. Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%.

Peakstone Realty Trust Stock Performance

Shares of NYSE PKST traded up $0.12 during trading on Thursday, reaching $10.70. 176,452 shares of the stock traded hands, compared to its average volume of 167,721. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The stock has a market capitalization of $389.43 million, a P/E ratio of -9.07 and a beta of 2.58. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $16.86. The company has a 50-day moving average of $11.06 and a 200-day moving average of $12.55.

Analyst Ratings Changes

A number of analysts recently issued reports on PKST shares. UBS Group began coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They set a “buy” rating and a $15.00 price objective for the company. Truist Financial increased their target price on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th.

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.