Shares of Peakstone Realty Trust (NYSE:PKST – Get Free Report) traded up 4.4% during trading on Tuesday . The company traded as high as $17.42 and last traded at $17.23. 13,410 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 324,751 shares. The stock had previously closed at $16.51.
Analysts Set New Price Targets
Separately, Truist Financial reduced their price objective on shares of Peakstone Realty Trust from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, August 11th.
Peakstone Realty Trust Stock Up 5.4 %
Peakstone Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.17%.
Hedge Funds Weigh In On Peakstone Realty Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC acquired a new position in shares of Peakstone Realty Trust during the second quarter worth $25,000. WealthPLAN Partners LLC acquired a new position in Peakstone Realty Trust in the 2nd quarter worth about $27,000. McIlrath & Eck LLC bought a new position in Peakstone Realty Trust in the second quarter valued at about $27,000. PSI Advisors LLC acquired a new stake in shares of Peakstone Realty Trust during the second quarter valued at about $35,000. Finally, Metropolitan Life Insurance Co NY bought a new stake in shares of Peakstone Realty Trust during the second quarter worth about $43,000. Institutional investors own 27.29% 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.
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