Peakstone Realty Trust (PKST) to Issue Quarterly Dividend of $0.10 on January 19th

Peakstone Realty Trust (NYSE:PKST) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.10 per share on Monday, January 19th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, December 31st.

Peakstone Realty Trust has a payout ratio of -235.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Peakstone Realty Trust to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 19.3%.

Peakstone Realty Trust Stock Up 1.4%

Shares of NYSE PKST opened at $14.45 on Monday. The firm has a market cap of $531.54 million, a price-to-earnings ratio of -1.78 and a beta of 1.75. The company’s 50-day simple moving average is $13.94 and its 200-day simple moving average is $13.50. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.34. Peakstone Realty Trust has a 52-week low of $10.14 and a 52-week high of $15.40.

About Peakstone Realty Trust

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.