Peakstone Realty Trust (NYSE:PKST) Coverage Initiated by Analysts at UBS Group

UBS Group assumed coverage on shares of Peakstone Realty Trust (NYSE:PKST) in a report issued on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $15.00 price target on the stock. UBS Group’s target price would suggest a potential upside of 33.42% from the stock’s current price.

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

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock opened at $11.24 on Thursday. The business has a 50-day simple moving average of $12.19 and a 200 day simple moving average of $12.85. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $16.86. 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 firm has a market capitalization of $409.02 million, a price-to-earnings ratio of -9.53 and a beta of 2.59.

Hedge Funds Weigh In On Peakstone Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC bought a new stake in Peakstone Realty Trust during the third quarter worth $30,000. Fortis Group Advisors LLC boosted its holdings in Peakstone Realty Trust by 18.3% during the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after acquiring an additional 970 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Peakstone Realty Trust in the 2nd quarter worth $108,000. FMR LLC raised its holdings in shares of Peakstone Realty Trust by 143.3% in the third quarter. FMR LLC now owns 8,982 shares of the company’s stock valued at $122,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new position in shares of Peakstone Realty Trust during the third quarter valued at about $138,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

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.