Peakstone Realty Trust (NYSE:PKST) Raised to “Strong-Buy” at UBS Group

Peakstone Realty Trust (NYSE:PKSTGet Free Report) was upgraded by UBS Group to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Truist Financial upped their target price on Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th.

Check Out Our Latest Stock Report on PKST

Peakstone Realty Trust Stock Up 4.9 %

Shares of PKST opened at $11.42 on Wednesday. Peakstone Realty Trust has a fifty-two week low of $9.89 and a fifty-two week high of $16.86. The company’s fifty day moving average is $12.25 and its two-hundred day moving average is $12.86. The firm has a market cap of $415.39 million, a PE ratio of -9.68 and a beta of 2.59. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On Peakstone Realty Trust

Several institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. boosted its position in Peakstone Realty Trust by 55.6% during the 2nd quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock valued at $12,757,000 after purchasing an additional 429,983 shares during the period. International Assets Investment Management LLC lifted its stake in Peakstone Realty Trust by 1,600.9% in the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after buying an additional 175,008 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Peakstone Realty Trust by 106.2% during the third quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock valued at $1,724,000 after acquiring an additional 65,137 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Peakstone Realty Trust in the 3rd quarter worth about $781,000. Finally, AQR Capital Management LLC lifted its position in Peakstone Realty Trust by 102.3% in the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock valued at $1,154,000 after purchasing an additional 55,071 shares during the last quarter. 38.98% of the stock is owned by institutional investors.

About Peakstone Realty Trust

(Get Free Report)

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.

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