Peakstone Realty Trust (NYSE:PKST – Get Free Report)’s stock price traded up 4.4% on Tuesday . The stock traded as high as $17.42 and last traded at $17.23. 13,410 shares traded hands during trading, a decline of 96% from the average session volume of 324,751 shares. The stock had previously closed at $16.51.
Analyst Ratings Changes
Separately, Truist Financial reduced their price target on shares of Peakstone Realty Trust from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, August 11th.
Peakstone Realty Trust Stock Performance
Peakstone Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.90 dividend on an annualized basis and a yield of 5.17%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new position in Peakstone Realty Trust in the 2nd quarter worth $25,000. Huntington National Bank acquired a new stake in Peakstone Realty Trust during the third quarter worth $26,000. WealthPLAN Partners LLC bought a new stake in Peakstone Realty Trust in the 2nd quarter valued at $27,000. McIlrath & Eck LLC acquired a new position in shares of Peakstone Realty Trust in the 2nd quarter valued at $27,000. Finally, PSI Advisors LLC bought a new position in shares of Peakstone Realty Trust during the 2nd quarter worth about $35,000. 27.29% of the stock is owned by institutional investors and hedge funds.
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.
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