My Legacy Advisors LLC Has $342,000 Stock Position in Peakstone Realty Trust (NYSE:PKST)

My Legacy Advisors LLC reduced its stake in Peakstone Realty Trust (NYSE:PKST) by 7.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,438 shares of the company’s stock after selling 2,449 shares during the quarter. My Legacy Advisors LLC owned approximately 0.09% of Peakstone Realty Trust worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PKST. Fortitude Family Office LLC purchased a new position in Peakstone Realty Trust during the third quarter worth about $30,000. Fortis Group Advisors LLC raised its holdings in shares of Peakstone Realty Trust by 18.3% during the third 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 in the last quarter. FMR LLC lifted its position in shares of Peakstone Realty Trust by 143.3% in the 3rd quarter. FMR LLC now owns 8,982 shares of the company’s stock worth $122,000 after purchasing an additional 5,290 shares during the period. Bleakley Financial Group LLC bought a new stake in Peakstone Realty Trust during the 3rd quarter valued at approximately $138,000. Finally, IHT Wealth Management LLC bought a new position in Peakstone Realty Trust in the third quarter worth $141,000. Institutional investors own 38.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PKST shares. Truist Financial raised their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. UBS Group started coverage on shares of Peakstone Realty Trust in a research report on Thursday. They set a “buy” rating and a $15.00 target price for the company.

Peakstone Realty Trust Trading Down 1.4 %

PKST opened at $11.24 on Monday. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $12.14 and a 200 day moving average of $12.87. The firm has a market cap of $409.02 million, a P/E ratio of -9.53 and a beta of 2.59. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.86.

Peakstone Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 8.00%. The ex-dividend date was Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is presently -76.27%.

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.