Peakstone Realty Trust (NYSE:PKST) Issues Earnings Results

Peakstone Realty Trust (NYSE:PKST) released its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.22), FiscalAI reports. Peakstone Realty Trust had a negative return on equity of 32.69% and a negative net margin of 153.27%.

Peakstone Realty Trust Stock Up 0.1%

NYSE:PKST traded up $0.02 during midday trading on Wednesday, hitting $20.77. 396,751 shares of the company were exchanged, compared to its average volume of 808,855. Peakstone Realty Trust has a fifty-two week low of $10.35 and a fifty-two week high of $20.97. The company has a market capitalization of $763.97 million, a PE ratio of -2.55 and a beta of 1.70. The company has a current ratio of 5.97, a quick ratio of 5.97 and a debt-to-equity ratio of 1.34. The company has a fifty day simple moving average of $15.85 and a 200 day simple moving average of $14.24.

Institutional Trading of Peakstone Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Peakstone Realty Trust in the 4th quarter valued at about $153,000. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Peakstone Realty Trust in the fourth quarter valued at approximately $238,000. Millennium Management LLC boosted its holdings in shares of Peakstone Realty Trust by 3.6% in the fourth quarter. Millennium Management LLC now owns 126,135 shares of the company’s stock valued at $1,810,000 after acquiring an additional 4,341 shares during the period. Man Group plc grew its position in shares of Peakstone Realty Trust by 121.2% during the fourth quarter. Man Group plc now owns 64,755 shares of the company’s stock worth $929,000 after acquiring an additional 35,474 shares during the last quarter. Finally, J. Goldman & Co LP boosted its stake in Peakstone Realty Trust by 26.7% during the 4th quarter. J. Goldman & Co LP now owns 952,107 shares of the company’s stock worth $13,663,000 after purchasing an additional 200,708 shares during the period. 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 several research reports. Wall Street Zen cut shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Truist Financial lowered shares of Peakstone Realty Trust from a “buy” rating to a “hold” rating and increased their target price for the stock from $19.00 to $21.00 in a report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research note on Thursday, January 22nd. UBS Group downgraded shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $21.00 in a research note on Monday, February 2nd. Finally, Zacks Research upgraded shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $21.00.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust, Inc (NYSE: PKST) is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.