Peakstone Realty Trust (NYSE:PKST) Short Interest Down 56.6% in February

Peakstone Realty Trust (NYSE:PKST) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 775,465 shares, a decrease of 56.6% from the January 29th total of 1,787,596 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 2,074,715 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 2,074,715 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. lifted its holdings in Peakstone Realty Trust by 2,542.3% during the 3rd quarter. Assetmark Inc. now owns 1,876 shares of the company’s stock worth $25,000 after buying an additional 1,805 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Peakstone Realty Trust by 101.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 1,007 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Peakstone Realty Trust in the 2nd quarter valued at about $26,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Peakstone Realty Trust in the 2nd quarter valued at about $35,000. Finally, Financial Life Planners acquired a new position in shares of Peakstone Realty Trust during the third quarter worth about $44,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PKST. Wall Street Zen downgraded shares of Peakstone Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peakstone Realty Trust in a report on Thursday, January 22nd. Zacks Research raised Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Truist Financial downgraded Peakstone Realty Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from $19.00 to $21.00 in a report on Tuesday, February 3rd. Finally, UBS Group downgraded shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and upped their price objective for the company from $17.00 to $21.00 in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Peakstone Realty Trust currently has an average rating of “Reduce” and a consensus price target of $21.00.

Peakstone Realty Trust Trading Up 0.0%

Shares of NYSE:PKST traded up $0.01 during midday trading on Friday, reaching $20.87. 182,036 shares of the company’s stock were exchanged, compared to its average volume of 733,240. The stock has a market cap of $767.64 million, a price-to-earnings ratio of -2.49 and a beta of 1.70. Peakstone Realty Trust has a fifty-two week low of $10.70 and a fifty-two week high of $20.97. The firm’s 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $14.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.83 and a quick ratio of 2.83.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.66). Peakstone Realty Trust had a negative net margin of 189.03% and a negative return on equity of 39.44%. The firm had revenue of $25.99 million during the quarter, compared to analyst estimates of $28.57 million. As a group, sell-side analysts forecast that Peakstone Realty Trust will post 2.13 EPS for the current fiscal year.

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.