Ameriflex Group Inc. Acquires New Position in Peakstone Realty Trust (NYSE:PKST)

Ameriflex Group Inc. bought a new position in Peakstone Realty Trust (NYSE:PKST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,338 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC bought a new stake in Peakstone Realty Trust in the fourth quarter worth $30,000. Spire Wealth Management purchased a new position in shares of Peakstone Realty Trust in the fourth quarter worth about $30,000. Golden State Wealth Management LLC bought a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Peakstone Realty Trust during the 4th quarter valued at about $34,000. Finally, Financial Life Planners purchased a new stake in Peakstone Realty Trust during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of NYSE:PKST opened at $12.35 on Thursday. 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 company has a market cap of $453.96 million, a price-to-earnings ratio of -44.09 and a beta of 1.73. Peakstone Realty Trust has a 12 month low of $9.89 and a 12 month high of $16.26. The company has a 50-day moving average price of $11.99 and a 200-day moving average price of $11.81.

Peakstone Realty Trust (NYSE:PKST) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.85. The business had revenue of $57.93 million during the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. As a group, equities analysts anticipate that Peakstone Realty Trust will post 2.13 EPS for the current year.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.29%. Peakstone Realty Trust’s dividend payout ratio is presently -50.85%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PKST shares. Truist Financial boosted their price objective on Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, March 24th. UBS Group upped their price target on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, May 13th.

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.