UBS Group Forecasts Strong Price Appreciation for Peakstone Realty Trust (NYSE:PKST) Stock

Peakstone Realty Trust (NYSE:PKST) had its price objective upped by UBS Group from $14.00 to $15.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Truist Financial lifted their target price on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Monday, March 24th.

Peakstone Realty Trust Price Performance

Shares of NYSE PKST opened at $12.06 on Tuesday. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.26. 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 company’s 50-day moving average is $12.04 and its 200 day moving average is $11.90. The stock has a market capitalization of $443.27 million, a P/E ratio of -43.07 and a beta of 1.73.

Peakstone Realty Trust (NYSE:PKST) last released its 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 net margin of 4.38% and a negative return on equity of 0.85%. The firm had revenue of $57.93 million during the quarter, compared to analyst estimates of $54.68 million. On average, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.46%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust’s dividend payout ratio (DPR) is currently -50.85%.

Institutional Investors Weigh In On Peakstone Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in shares of Peakstone Realty Trust during the fourth quarter valued at approximately $30,000. Spire Wealth Management bought a new stake in shares of Peakstone Realty Trust during the fourth quarter valued at approximately $30,000. New Age Alpha Advisors LLC bought a new stake in shares of Peakstone Realty Trust during the first quarter valued at approximately $35,000. Golden State Wealth Management LLC bought a new stake in shares of Peakstone Realty Trust during the fourth quarter valued at approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Peakstone Realty Trust during the fourth quarter valued at approximately $34,000. Institutional investors own 38.98% of the company’s stock.

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.