10,284 Shares in Peakstone Realty Trust (NYSE:PKST) Purchased by ProShare Advisors LLC

ProShare Advisors LLC acquired a new position in shares of Peakstone Realty Trust (NYSE:PKST) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,284 shares of the company’s stock, valued at approximately $114,000.

Other large investors also recently modified their holdings of the company. Focus Partners Wealth raised its stake in shares of Peakstone Realty Trust by 5.2% in the fourth quarter. Focus Partners Wealth now owns 19,538 shares of the company’s stock valued at $216,000 after buying an additional 963 shares during the period. SG Americas Securities LLC grew its stake in shares of Peakstone Realty Trust by 13.9% during the 4th quarter. SG Americas Securities LLC now owns 15,742 shares of the company’s stock worth $174,000 after acquiring an additional 1,919 shares during the period. AlphaQuest LLC purchased a new stake in Peakstone Realty Trust in the 4th quarter worth about $30,000. Spire Wealth Management bought a new stake in Peakstone Realty Trust in the 4th quarter valued at about $30,000. Finally, Golden State Wealth Management LLC bought a new stake in Peakstone Realty Trust in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group increased their target price on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Truist Financial raised their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, March 24th.

Peakstone Realty Trust Stock Up 1.3%

Shares of NYSE PKST opened at $12.55 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 market cap of $461.50 million, a P/E ratio of -44.82 and a beta of 1.73. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26. The business has a 50-day simple moving average of $11.98 and a two-hundred day simple moving average of $11.78.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a $0.225 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.17%. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -50.85%.

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.