Meixler Investment Management Ltd. Acquires 78,074 Shares of Peakstone Realty Trust $PKST

Meixler Investment Management Ltd. grew its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 90.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,127 shares of the company’s stock after buying an additional 78,074 shares during the quarter. Peakstone Realty Trust accounts for about 1.3% of Meixler Investment Management Ltd.’s holdings, making the stock its 20th biggest position. Meixler Investment Management Ltd. owned approximately 0.45% of Peakstone Realty Trust worth $2,153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKST. Level Four Advisory Services LLC boosted its stake in Peakstone Realty Trust by 3.2% during the 2nd quarter. Level Four Advisory Services LLC now owns 27,386 shares of the company’s stock valued at $362,000 after purchasing an additional 857 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Peakstone Realty Trust by 20.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,381 shares of the company’s stock valued at $71,000 after purchasing an additional 920 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Peakstone Realty Trust by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,715 shares of the company’s stock valued at $274,000 after buying an additional 936 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in 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. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Peakstone Realty Trust by 14.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,690 shares of the company’s stock worth $162,000 after buying an additional 1,458 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

NYSE:PKST opened at $20.86 on Monday. The company has a market cap of $767.26 million, a price-to-earnings ratio of -2.57 and a beta of 1.70. Peakstone Realty Trust has a 1 year low of $10.35 and a 1 year high of $20.87. The stock’s 50 day simple moving average is $14.89 and its two-hundred day simple moving average is $13.89. The company has a debt-to-equity ratio of 1.34, a current ratio of 5.97 and a quick ratio of 5.97.

Analyst Ratings Changes

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

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.