Peakstone Realty Trust (PKST) Scheduled to Post Earnings on Tuesday

Peakstone Realty Trust (NYSE:PKST) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($1.20). The business had revenue of $63.06 million for the quarter, compared to analysts’ expectations of $62.07 million. Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. On average, analysts expect Peakstone Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Peakstone Realty Trust Price Performance

Shares of NYSE:PKST opened at $14.41 on Tuesday. The company has a market cap of $523.23 million and a P/E ratio of -0.93. The business has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $15.66. Peakstone Realty Trust has a 52 week low of $12.10 and a 52 week high of $39.91. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 1.19.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, March 29th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Peakstone Realty Trust’s dividend payout ratio (DPR) is -5.80%.

Analysts Set New Price Targets

Separately, Truist Financial cut their price objective on shares of 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 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.