Peakstone Realty Trust (NYSE:PKST) Price Target Cut to $15.00 by Analysts at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its price target reduced by Truist Financial from $17.00 to $15.00 in a research note released on Tuesday, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Peakstone Realty Trust Stock Up 4.5 %

Shares of Peakstone Realty Trust stock opened at $12.88 on Tuesday. The company has a quick ratio of 5.89, a current ratio of 5.89 and a debt-to-equity ratio of 1.19. Peakstone Realty Trust has a 52-week low of $12.10 and a 52-week high of $43.00. The company has a 50-day simple moving average of $14.70 and a two-hundred day simple moving average of $15.72.

Peakstone Realty Trust (NYSE:PKST) last issued its earnings results on Thursday, February 22nd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($1.20). The firm had revenue of $63.06 million during the quarter, compared to analysts’ expectations of $62.07 million. Peakstone Realty Trust had a negative return on equity of 38.73% and a negative net margin of 216.52%. Equities research analysts forecast that Peakstone Realty Trust will post 3.03 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, March 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.99%. Peakstone Realty Trust’s dividend payout ratio is presently -5.80%.

Institutional Trading of Peakstone Realty Trust

Large investors have recently made changes to their positions in the stock. Huntington National Bank bought a new stake in shares of Peakstone Realty Trust in the third quarter worth approximately $26,000. Fortis Group Advisors LLC bought a new stake in Peakstone Realty Trust during the third quarter valued at approximately $26,000. Bare Financial Services Inc bought a new stake in Peakstone Realty Trust during the fourth quarter valued at approximately $29,000. Tsfg LLC grew its position in Peakstone Realty Trust by 128.1% during the first quarter. Tsfg LLC now owns 2,051 shares of the company’s stock valued at $33,000 after buying an additional 1,152 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Peakstone Realty Trust during the third quarter valued at approximately $42,000. 38.98% of the stock is currently owned by institutional investors.

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.