Peakstone Realty Trust (NYSE:PKST) Raised to Hold at Zacks Research

Peakstone Realty Trust (NYSE:PKST) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also issued reports on the company. Truist Financial upgraded Peakstone Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $19.00 in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research note on Wednesday, October 8th. Finally, UBS Group increased their price objective on Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.50.

Peakstone Realty Trust Stock Performance

Peakstone Realty Trust stock opened at $12.99 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 5.02 and a quick ratio of 5.02. The stock has a fifty day moving average price of $13.30 and a two-hundred day moving average price of $12.98. Peakstone Realty Trust has a 52-week low of $10.14 and a 52-week high of $14.59. The firm has a market capitalization of $478.01 million, a P/E ratio of -1.46 and a beta of 1.76.

Institutional Trading of Peakstone Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in Peakstone Realty Trust by 101.4% in the third quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock valued at $26,000 after acquiring an additional 1,007 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Peakstone Realty Trust in the second quarter valued at about $26,000. Elevation Point Wealth Partners LLC bought a new position in Peakstone Realty Trust in the second quarter valued at about $35,000. New Age Alpha Advisors LLC bought a new position in Peakstone Realty Trust in the first quarter valued at about $35,000. Finally, Versant Capital Management Inc boosted its holdings in Peakstone Realty Trust by 1,588.6% in the third quarter. Versant Capital Management Inc now owns 3,546 shares of the company’s stock valued at $47,000 after acquiring an additional 3,336 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

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.