Peakstone Realty Trust (NYSE:PKST) Short Interest Down 56.6% in February

Peakstone Realty Trust (NYSE:PKST) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 775,465 shares, a decrease of 56.6% from the January 29th total of 1,787,596 shares. Based on an average daily volume of 2,074,715 shares, the short-interest ratio is presently 0.4 days. Currently, 2.1% of the company’s stock are short sold. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 2,074,715 shares, the short-interest ratio is presently 0.4 days.

Peakstone Realty Trust Price Performance

PKST stock traded up $0.01 on Friday, reaching $20.87. The company had a trading volume of 182,036 shares, compared to its average volume of 733,240. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.83 and a current ratio of 2.83. The company has a market cap of $767.64 million, a P/E ratio of -2.49 and a beta of 1.70. Peakstone Realty Trust has a 1 year low of $10.70 and a 1 year high of $20.97. The company’s fifty day moving average is $16.75 and its 200 day moving average is $14.59.

Peakstone Realty Trust (NYSE:PKST) last released its earnings results on Wednesday, February 18th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.66). Peakstone Realty Trust had a negative return on equity of 39.44% and a negative net margin of 189.03%.The business had revenue of $25.99 million for the quarter, compared to analysts’ expectations of $28.57 million. On average, research analysts forecast that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial downgraded shares of Peakstone Realty Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $19.00 to $21.00 in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peakstone Realty Trust in a research report on Thursday, January 22nd. Zacks Research raised Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. UBS Group cut Peakstone Realty Trust from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $17.00 to $21.00 in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $21.00.

Hedge Funds Weigh In On Peakstone Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. lifted its stake in shares of Peakstone Realty Trust by 2,542.3% during the third quarter. Assetmark Inc. now owns 1,876 shares of the company’s stock worth $25,000 after purchasing an additional 1,805 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Peakstone Realty Trust by 101.4% during the third quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock worth $26,000 after buying an additional 1,007 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Peakstone Realty Trust during the 2nd quarter worth $26,000. Elevation Point Wealth Partners LLC bought a new stake in Peakstone Realty Trust in the second quarter valued at about $35,000. Finally, Financial Life Planners bought a new stake in shares of Peakstone Realty Trust in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust, Inc (NYSE: PKST) is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.