UBS Group Upgrades Peakstone Realty Trust (NYSE:PKST) to “Strong-Buy”

Peakstone Realty Trust (NYSE:PKST) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Truist Financial boosted 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, November 12th.

Peakstone Realty Trust Price Performance

NYSE PKST opened at $11.51 on Wednesday. The business’s fifty day moving average is $12.25 and its two-hundred day moving average is $12.86. The stock has a market capitalization of $418.73 million, a P/E ratio of -9.75 and a beta of 2.59. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24.

Hedge Funds Weigh In On Peakstone Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its holdings in Peakstone Realty Trust by 55.6% during the 2nd quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock worth $12,757,000 after buying an additional 429,983 shares in the last quarter. International Assets Investment Management LLC lifted its position in Peakstone Realty Trust by 1,600.9% in the 3rd quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after acquiring an additional 175,008 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Peakstone Realty Trust by 106.2% during the third 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 in the last quarter. Captrust Financial Advisors bought a new position in shares of Peakstone Realty Trust during the 3rd quarter worth approximately $781,000. Finally, AQR Capital Management LLC boosted its holdings in Peakstone Realty Trust by 102.3% during the second quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock worth $1,154,000 after purchasing an additional 55,071 shares during the last quarter. 38.98% of the stock is owned by institutional investors.

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.