Level Four Advisory Services LLC Acquires 5,885 Shares of Peakstone Realty Trust (NYSE:PKST)

Level Four Advisory Services LLC lifted its holdings in Peakstone Realty Trust (NYSE:PKST) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,091 shares of the company’s stock after purchasing an additional 5,885 shares during the quarter. Level Four Advisory Services LLC owned 0.07% of Peakstone Realty Trust worth $267,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC lifted its position in Peakstone Realty Trust by 318.6% during the 3rd quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after buying an additional 42,681 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Peakstone Realty Trust by 106.2% during the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after acquiring an additional 65,137 shares in the last quarter. Geode Capital Management LLC boosted its position in Peakstone Realty Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock valued at $12,578,000 after purchasing an additional 10,722 shares during the last quarter. Jane Street Group LLC boosted its position in Peakstone Realty Trust by 83.6% during the third quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock valued at $1,236,000 after purchasing an additional 41,313 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Peakstone Realty Trust during the 4th quarter worth approximately $144,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Wall Street Analyst Weigh In

PKST has been the subject of several recent analyst reports. Truist Financial increased their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Monday, March 24th. UBS Group began coverage on shares of Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 price target for the company.

Peakstone Realty Trust Stock Performance

PKST opened at $12.74 on Wednesday. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 12-month low of $9.89 and a 12-month high of $16.26. The business has a 50 day moving average of $11.45 and a 200-day moving average of $12.38. The stock has a market cap of $468.26 million, a price-to-earnings ratio of -45.50 and a beta of 2.41.

Peakstone Realty Trust (NYSE:PKST) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.85. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The business had revenue of $57.93 million during the quarter, compared to the consensus estimate of $54.68 million. On average, equities research analysts expect that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio is presently -321.43%.

About Peakstone Realty Trust

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.