Creekmur Asset Management LLC Takes Position in Peakstone Realty Trust (NYSE:PKST)

Creekmur Asset Management LLC acquired a new stake in shares of Peakstone Realty Trust (NYSE:PKST) in the fourth quarter, HoldingsChannel reports. The firm acquired 25,939 shares of the company’s stock, valued at approximately $517,000.

A number of other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its position in shares of Peakstone Realty Trust by 34.6% during the third quarter. Sunbelt Securities Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after purchasing an additional 703 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Peakstone Realty Trust by 4.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,620 shares of the company’s stock valued at $451,000 after purchasing an additional 1,000 shares in the last quarter. Truist Financial Corp grew its position in shares of Peakstone Realty Trust by 8.6% during the fourth quarter. Truist Financial Corp now owns 18,513 shares of the company’s stock valued at $369,000 after purchasing an additional 1,472 shares in the last quarter. Bare Financial Services Inc purchased a new position in shares of Peakstone Realty Trust during the fourth quarter valued at about $29,000. Finally, Fortis Group Advisors LLC purchased a new position in shares of Peakstone Realty Trust during the third quarter valued at about $26,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Trading Down 1.7 %

PKST traded down $0.20 on Friday, hitting $11.47. The company had a trading volume of 105,646 shares, compared to its average volume of 130,226. The company has a market cap of $416.48 million, a PE ratio of -0.74 and a beta of 2.86. Peakstone Realty Trust has a 12-month low of $11.27 and a 12-month high of $39.91. The company has a quick ratio of 7.90, a current ratio of 7.90 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $13.36 and its 200 day simple moving average is $15.24.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 7.85%. The ex-dividend date is Friday, June 28th. Peakstone Realty Trust’s payout ratio is currently -5.79%.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price objective on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th.

Peakstone Realty Trust 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.