Peakstone Realty Trust (NYSE:PKST) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Peakstone Realty Trust (NYSE:PKST - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,451 shares of the company's stock after buying an additional 52,119 shares during the quarter. Northern Trust Corp owned 1.02% of Peakstone Realty Trust worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PKST. Geode Capital Management LLC lifted its stake in shares of Peakstone Realty Trust by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 929,777 shares of the company's stock worth $10,295,000 after buying an additional 7,139 shares during the period. Invesco Ltd. raised its stake in Peakstone Realty Trust by 458.1% in the 4th quarter. Invesco Ltd. now owns 675,048 shares of the company's stock worth $7,473,000 after acquiring an additional 554,091 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Peakstone Realty Trust by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company's stock worth $4,023,000 after acquiring an additional 12,403 shares during the period. JPMorgan Chase & Co. lifted its position in Peakstone Realty Trust by 64.0% during the 4th quarter. JPMorgan Chase & Co. now owns 207,463 shares of the company's stock worth $2,297,000 after acquiring an additional 80,980 shares during the period. Finally, Sigma Planning Corp grew its stake in Peakstone Realty Trust by 3.0% during the 4th quarter. Sigma Planning Corp now owns 144,713 shares of the company's stock valued at $1,602,000 after purchasing an additional 4,160 shares during the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PKST shares. UBS Group raised their price objective on Peakstone Realty Trust from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Truist Financial raised their price target on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Monday, March 24th.

Get Our Latest Report on Peakstone Realty Trust

Peakstone Realty Trust Trading Up 0.3%

NYSE PKST opened at $11.98 on Friday. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $16.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.24 and a quick ratio of 5.24. The company has a market capitalization of $440.32 million, a PE ratio of -42.78 and a beta of 1.73. The company has a fifty day moving average of $12.04 and a 200 day moving average of $11.86.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.85. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. The business had revenue of $57.93 million during the quarter, compared to analysts' expectations of $54.68 million. Research analysts forecast that Peakstone Realty Trust will post 2.13 earnings per share for the current year.

Peakstone Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date is Monday, June 30th. Peakstone Realty Trust's payout ratio is presently -50.85%.

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.

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