Peakstone Realty Trust (NYSE:PKST) Price Target Raised to $15.00 at Truist Financial

Peakstone Realty Trust (NYSE:PKST) had its target price increased by Truist Financial from $13.00 to $15.00 in a research note published on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Peakstone Realty Trust Stock Performance

Shares of PKST opened at $13.30 on Tuesday. Peakstone Realty Trust has a 52-week low of $9.89 and a 52-week high of $21.73. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $13.81 and a 200 day moving average price of $13.05.

Peakstone Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio is presently -76.27%.

Institutional Investors Weigh In On Peakstone Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC purchased a new stake in Peakstone Realty Trust in the 3rd quarter worth approximately $30,000. Tsfg LLC grew its position in Peakstone Realty Trust by 43.0% in the 2nd quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Peakstone Realty Trust during the second quarter valued at about $43,000. Allspring Global Investments Holdings LLC acquired a new position in Peakstone Realty Trust in the 1st quarter valued at approximately $48,000. Finally, Fortis Group Advisors LLC increased its holdings in Peakstone Realty Trust by 18.3% in the 3rd quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after buying an additional 970 shares during the period. 38.98% of the stock is owned by institutional investors and hedge funds.

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.