Peakstone Realty Trust (NYSE:PKST) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in Peakstone Realty Trust (NYSE:PKST) by 26.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,846 shares of the company’s stock after selling 6,492 shares during the quarter. International Assets Investment Management LLC’s holdings in Peakstone Realty Trust were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of Peakstone Realty Trust during the 4th quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Peakstone Realty Trust during the 4th quarter valued at about $34,000. Ameriflex Group Inc. bought a new stake in shares of Peakstone Realty Trust during the 4th quarter valued at about $36,000. Transce3nd LLC bought a new stake in shares of Peakstone Realty Trust during the 4th quarter valued at about $50,000. Finally, Quarry LP bought a new stake in shares of Peakstone Realty Trust during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

NYSE PKST opened at $13.36 on Friday. 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. The stock has a market cap of $491.25 million, a price-to-earnings ratio of -7.55 and a beta of 1.73. The company has a 50-day moving average price of $12.38 and a two-hundred day moving average price of $11.79.

Peakstone Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.74%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust’s dividend payout ratio (DPR) is -50.85%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PKST shares. Truist Financial boosted their price objective on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. UBS Group boosted 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 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.