Peakstone Realty Trust (NYSE:PKST) Announces $0.10 Quarterly Dividend

Peakstone Realty Trust (NYSE:PKST) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Wednesday, December 31st will be given a dividend of 0.10 per share on Monday, January 19th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Peakstone Realty Trust has a dividend payout ratio of -235.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Peakstone Realty Trust to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 19.3%.

Peakstone Realty Trust Trading Up 2.8%

NYSE:PKST opened at $13.33 on Thursday. Peakstone Realty Trust has a 52 week low of $10.14 and a 52 week high of $14.59. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt-to-equity ratio of 1.61. The firm has a 50 day moving average of $13.32 and a 200 day moving average of $12.99. The stock has a market capitalization of $490.42 million, a price-to-earnings ratio of -1.50 and a beta of 1.76.

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.