Peakstone Realty Trust (NYSE:PKST) Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,140 shares of the company’s stock after buying an additional 1,212 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Peakstone Realty Trust were worth $256,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in Peakstone Realty Trust by 21.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,996 shares of the company’s stock valued at $567,000 after purchasing an additional 8,000 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Peakstone Realty Trust by 100.8% during the first quarter. Golden State Wealth Management LLC now owns 5,566 shares of the company’s stock worth $70,000 after buying an additional 2,794 shares during the period. Aurora Private Wealth Inc. bought a new position in Peakstone Realty Trust in the 1st quarter worth approximately $242,000. PFG Investments LLC grew its holdings in Peakstone Realty Trust by 16.2% in the 1st quarter. PFG Investments LLC now owns 15,257 shares of the company’s stock worth $192,000 after buying an additional 2,127 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Peakstone Realty Trust in the 1st quarter valued at approximately $129,000. 38.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PKST. Truist Financial lifted their target price on Peakstone Realty Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. UBS Group lifted their price objective on shares of Peakstone Realty Trust from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th.

Peakstone Realty Trust Stock Up 2.0%

PKST stock opened at $13.82 on Friday. The firm’s 50-day moving average is $12.50 and its two-hundred day moving average is $11.82. The company has a market capitalization of $508.16 million, a price-to-earnings ratio of -7.81 and a beta of 1.74. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $16.26. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 1.25.

Peakstone Realty Trust Dividend Announcement

The company 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 is Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 6.51%. Peakstone Realty Trust’s payout ratio is -50.85%.

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.