Peakstone Realty Trust (NYSE:PKST) to Issue $0.10 Quarterly Dividend

Peakstone Realty Trust (NYSE:PKST) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.10 per share on Monday, January 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, December 31st.

Peakstone Realty Trust has a dividend payout ratio of -235.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Peakstone Realty Trust to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 19.3%.

Peakstone Realty Trust Price Performance

NYSE PKST opened at $13.31 on Thursday. The firm’s 50 day moving average is $13.32 and its 200-day moving average is $12.99. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt-to-equity ratio of 1.61. Peakstone Realty Trust has a 12-month low of $10.14 and a 12-month high of $14.59. The company has a market capitalization of $489.69 million, a PE ratio of -1.50 and a beta of 1.76.

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.