Centaurus Financial Inc. Acquires 49,769 Shares of Peakstone Realty Trust (NYSE:PKST)

Centaurus Financial Inc. grew its holdings in Peakstone Realty Trust (NYSE:PKST) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,253,223 shares of the company’s stock after buying an additional 49,769 shares during the quarter. Peakstone Realty Trust comprises approximately 1.1% of Centaurus Financial Inc.’s holdings, making the stock its 12th largest holding. Centaurus Financial Inc.’s holdings in Peakstone Realty Trust were worth $17,081,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Peakstone Realty Trust by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock worth $58,364,000 after acquiring an additional 46,436 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Peakstone Realty Trust in the first quarter worth about $168,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Peakstone Realty Trust during the first quarter valued at about $286,000. Cetera Investment Advisers boosted its holdings in shares of Peakstone Realty Trust by 176.1% in the 1st quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock valued at $2,571,000 after buying an additional 101,668 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Peakstone Realty Trust by 68.4% in the 1st quarter. Cetera Advisors LLC now owns 108,152 shares of the company’s stock worth $1,744,000 after buying an additional 43,925 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Up 3.1 %

Peakstone Realty Trust stock opened at $13.12 on Friday. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The business has a fifty day moving average price of $13.72 and a 200-day moving average price of $12.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The stock has a market capitalization of $477.31 million, a price-to-earnings ratio of -11.12 and a beta of 2.57.

Peakstone Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.86%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is presently -76.27%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their target price on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th.

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.