Aptus Capital Advisors LLC Cuts Stake in Peakstone Realty Trust (NYSE:PKST)

Aptus Capital Advisors LLC cut its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 12.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,295 shares of the company’s stock after selling 3,617 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Peakstone Realty Trust were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in PKST. Allspring Global Investments Holdings LLC purchased a new stake in shares of Peakstone Realty Trust during the first quarter valued at $48,000. Vanguard Group Inc. grew its holdings in shares of Peakstone Realty Trust by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,618,361 shares of the company’s stock valued at $58,364,000 after buying an additional 46,436 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Peakstone Realty Trust during the first quarter valued at $168,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Peakstone Realty Trust during the first quarter valued at $286,000. Finally, Cetera Investment Advisers grew its holdings in shares of Peakstone Realty Trust by 176.1% during the first quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock valued at $2,571,000 after buying an additional 101,668 shares during the last quarter. 38.98% of the stock is owned by hedge funds and other institutional investors.

Peakstone Realty Trust Price Performance

NYSE:PKST opened at $12.74 on Friday. Peakstone Realty Trust has a one year low of $9.89 and a one year high of $21.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The firm has a market cap of $463.48 million, a price-to-earnings ratio of -10.80 and a beta of 2.57. The firm’s fifty day moving average is $13.83 and its two-hundred day moving average is $13.04.

Peakstone Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 7.06%. The ex-dividend date is Tuesday, December 31st. Peakstone Realty Trust’s payout ratio is -76.27%.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday.

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.