Strid Group LLC Trims Stake in Peakstone Realty Trust (NYSE:PKST)

Strid Group LLC reduced its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,801 shares of the company’s stock after selling 2,720 shares during the quarter. Strid Group LLC owned approximately 0.06% of Peakstone Realty Trust worth $415,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Simplicity Solutions LLC purchased a new position in shares of Peakstone Realty Trust during the 4th quarter valued at approximately $223,000. Bleakley Financial Group LLC purchased a new stake in Peakstone Realty Trust in the 4th quarter valued at about $223,000. Asset Management One Co. Ltd. increased its holdings in Peakstone Realty Trust by 5.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 58,978 shares of the company’s stock valued at $1,239,000 after purchasing an additional 3,023 shares during the last quarter. Retirement Financial Solutions LLC grew its position in Peakstone Realty Trust by 7.9% in the 4th quarter. Retirement Financial Solutions LLC now owns 25,809 shares of the company’s stock valued at $514,000 after acquiring an additional 1,898 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Peakstone Realty Trust by 45.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,385 shares of the company’s stock valued at $327,000 after buying an additional 5,154 shares during the period. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Peakstone Realty Trust Trading Up 1.5 %

Shares of PKST stock traded up $0.18 during trading hours on Thursday, hitting $12.47. 64,929 shares of the company were exchanged, compared to its average volume of 158,165. Peakstone Realty Trust has a 1 year low of $12.19 and a 1 year high of $47.00. The firm has a fifty day moving average of $14.81 and a 200 day moving average of $15.77. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 1.19.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($1.20). Peakstone Realty Trust had a negative net margin of 216.52% and a negative return on equity of 38.73%. The company had revenue of $63.06 million for the quarter, compared to the consensus estimate of $62.07 million. As a group, equities research analysts predict that Peakstone Realty Trust will post 2.82 earnings per share for the current fiscal year.

Peakstone Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.90 dividend on an annualized basis and a yield of 7.22%. Peakstone Realty Trust’s payout ratio is presently -5.80%.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price target on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday.

Peakstone Realty Trust Company Profile

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.