Peakstone Realty Trust (NYSE:PKST) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Peakstone Realty Trust (NYSE:PKST) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,996 shares of the company’s stock after selling 1,845 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Peakstone Realty Trust were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PKST. Centaurus Financial Inc. boosted its position in shares of Peakstone Realty Trust by 4.1% during the third quarter. Centaurus Financial Inc. now owns 1,253,223 shares of the company’s stock worth $17,081,000 after buying an additional 49,769 shares during the period. Geode Capital Management LLC lifted its holdings in Peakstone Realty Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock worth $12,578,000 after buying an additional 10,722 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Peakstone Realty Trust by 1,600.9% during the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock worth $2,534,000 after purchasing an additional 175,008 shares in the last quarter. Sigma Planning Corp increased its position in shares of Peakstone Realty Trust by 22.8% during the third quarter. Sigma Planning Corp now owns 140,553 shares of the company’s stock worth $1,916,000 after purchasing an additional 26,085 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Peakstone Realty Trust by 106.2% in the 3rd 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. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on PKST shares. UBS Group assumed coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They set a “buy” rating and a $15.00 target price on the stock. Truist Financial increased 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.

Peakstone Realty Trust Stock Down 0.3 %

Shares of Peakstone Realty Trust stock opened at $10.84 on Friday. The business has a 50-day moving average of $11.18 and a 200-day moving average of $12.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The company has a market capitalization of $394.21 million, a PE ratio of -9.18 and a beta of 2.58. Peakstone Realty Trust has a 1-year low of $9.89 and a 1-year high of $16.86.

Peakstone Realty Trust 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.