Orion Portfolio Solutions LLC Reduces Stake in Peakstone Realty Trust (NYSE:PKST)

Orion Portfolio Solutions LLC lessened its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 26.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,456 shares of the company’s stock after selling 5,571 shares during the period. Orion Portfolio Solutions LLC’s holdings in Peakstone Realty Trust were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake in Peakstone Realty Trust by 318.6% during the third quarter. Barclays PLC now owns 56,078 shares of the company’s stock worth $764,000 after purchasing an additional 42,681 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Peakstone Realty Trust by 106.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 126,483 shares of the company’s stock worth $1,724,000 after buying an additional 65,137 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Peakstone Realty Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 922,638 shares of the company’s stock valued at $12,578,000 after buying an additional 10,722 shares during the period. Jane Street Group LLC lifted its holdings in Peakstone Realty Trust by 83.6% in the third quarter. Jane Street Group LLC now owns 90,718 shares of the company’s stock valued at $1,236,000 after acquiring an additional 41,313 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Peakstone Realty Trust in the fourth quarter worth approximately $144,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial lifted their target price 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 began coverage on shares of Peakstone Realty Trust in a report on Thursday, January 16th. They issued a “buy” rating and a $15.00 price objective on the stock.

Peakstone Realty Trust Price Performance

Peakstone Realty Trust stock opened at $11.40 on Friday. The company’s 50 day moving average is $11.64 and its two-hundred day moving average is $12.21. The firm has a market cap of $419.04 million, a PE ratio of -40.72 and a beta of 1.70. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $16.26.

Peakstone Realty Trust (NYSE:PKST) last released its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.85. The firm 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%. On average, research analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

Peakstone Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date of this dividend is Monday, March 31st. Peakstone Realty Trust’s dividend payout ratio is presently -321.43%.

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.