Meixler Investment Management Ltd. Makes New $603,000 Investment in Peakstone Realty Trust (NYSE:PKST)

Meixler Investment Management Ltd. acquired a new position in shares of Peakstone Realty Trust (NYSE:PKST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,512 shares of the company’s stock, valued at approximately $603,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Peakstone Realty Trust in the third quarter worth about $30,000. Spire Wealth Management acquired a new position in shares of Peakstone Realty Trust during the fourth quarter valued at about $30,000. Golden State Wealth Management LLC acquired a new position in shares of Peakstone Realty Trust during the fourth quarter valued at about $31,000. Financial Life Planners acquired a new position in shares of Peakstone Realty Trust during the fourth quarter valued at about $39,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Peakstone Realty Trust in the fourth quarter valued at approximately $67,000. 38.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PKST has been the topic of a number of recent research reports. Truist Financial upped 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 Tuesday, November 12th. UBS Group initiated coverage on Peakstone Realty Trust in a research note on Thursday, January 16th. They issued a “buy” rating and a $15.00 target price for the company.

Peakstone Realty Trust Trading Down 0.3 %

Shares of PKST opened at $10.84 on Friday. The stock has a 50-day simple moving average of $11.18 and a 200-day simple moving average of $12.59. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.86. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03.

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.