Peakstone Realty Trust (NYSE:PKST) Stock Holdings Raised by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 125.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,888 shares of the company’s stock after purchasing an additional 40,626 shares during the period. Clear Harbor Asset Management LLC owned about 0.20% of Peakstone Realty Trust worth $807,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PKST. Fortitude Family Office LLC bought a new position in Peakstone Realty Trust during the 3rd quarter worth approximately $30,000. Fortis Group Advisors LLC lifted its stake in Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock worth $86,000 after purchasing an additional 970 shares during the last quarter. FMR LLC boosted its holdings in Peakstone Realty Trust by 143.3% in the third quarter. FMR LLC now owns 8,982 shares of the company’s stock worth $122,000 after purchasing an additional 5,290 shares during the period. Bleakley Financial Group LLC acquired a new position in Peakstone Realty Trust in the third quarter worth $138,000. Finally, IHT Wealth Management LLC bought a new stake in Peakstone Realty Trust during the third quarter valued at $141,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Price Performance

Shares of NYSE PKST opened at $11.23 on Wednesday. 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 $408.61 million, a PE ratio of -9.52 and a beta of 2.59. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86. The business’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $12.90.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.34). The firm had revenue of $54.96 million during the quarter, compared to analyst estimates of $57.76 million. Peakstone Realty Trust had a negative return on equity of 3.61% and a negative net margin of 18.26%. During the same period last year, the business earned $0.78 EPS. On average, research analysts expect that Peakstone Realty Trust will post 2.46 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date was Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is -76.27%.

Analysts Set New Price Targets

PKST has been the subject of several research reports. Truist Financial lifted their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. UBS Group assumed coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 target price for the company.

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.