Bare Financial Services Inc Invests $29,000 in Peakstone Realty Trust (NYSE:PKST)

Bare Financial Services Inc acquired a new position in shares of Peakstone Realty Trust (NYSE:PKST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,476 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management boosted its holdings in Peakstone Realty Trust by 70.8% in the fourth quarter. Triumph Capital Management now owns 88,930 shares of the company’s stock valued at $1,792,000 after acquiring an additional 36,875 shares during the last quarter. Truist Financial Corp boosted its holdings in Peakstone Realty Trust by 8.6% in the fourth quarter. Truist Financial Corp now owns 18,513 shares of the company’s stock valued at $369,000 after acquiring an additional 1,472 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Peakstone Realty Trust by 33.5% in the fourth quarter. New York State Common Retirement Fund now owns 15,213 shares of the company’s stock valued at $303,000 after acquiring an additional 3,818 shares during the last quarter. Simplicity Solutions LLC acquired a new position in Peakstone Realty Trust in the fourth quarter valued at $223,000. Finally, Bleakley Financial Group LLC acquired a new position in Peakstone Realty Trust in the fourth quarter valued at $223,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their target price on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th.

Peakstone Realty Trust Stock Up 1.3 %

NYSE:PKST traded up $0.18 during mid-day trading on Thursday, hitting $13.99. The company had a trading volume of 163,300 shares, compared to its average volume of 157,493. The business has a fifty day simple moving average of $14.62 and a 200-day simple moving average of $15.64. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 1.19. Peakstone Realty Trust has a 1 year low of $12.10 and a 1 year high of $39.91. The firm has a market capitalization of $507.98 million and a price-to-earnings ratio of -0.89.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of $0.65 by ($1.20). Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. The company had revenue of $63.06 million during the quarter, compared to analysts’ expectations of $62.07 million. Equities analysts forecast that Peakstone Realty Trust will post 3.03 earnings per share for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, March 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date was Wednesday, March 27th. Peakstone Realty Trust’s payout ratio is -5.80%.

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.