Peakstone Realty Trust (NYSE:PKST) Given New $15.00 Price Target at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its price target increased by investment analysts at Truist Financial from $13.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 12.44% from the stock’s previous close.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock traded down $0.61 during trading on Tuesday, hitting $13.34. 78,071 shares of the stock were exchanged, compared to its average volume of 155,435. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $21.73. The stock has a market capitalization of $485.31 million, a price-to-earnings ratio of -11.30 and a beta of 2.57. The company has a fifty day moving average price of $13.81 and a 200-day moving average price of $13.05. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On Peakstone Realty Trust

Several hedge funds have recently bought and sold shares of PKST. Fortitude Family Office LLC bought a new position in Peakstone Realty Trust during the 3rd quarter valued at about $30,000. Tsfg LLC grew its stake in shares of Peakstone Realty Trust by 43.0% during the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after acquiring an additional 882 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Peakstone Realty Trust in the second quarter valued at $43,000. Allspring Global Investments Holdings LLC purchased a new position in Peakstone Realty Trust in the 1st quarter valued at about $48,000. Finally, Fortis Group Advisors LLC raised its holdings in Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after acquiring an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

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.