Aptus Capital Advisors LLC Sells 3,617 Shares of Peakstone Realty Trust (NYSE:PKST)

Aptus Capital Advisors LLC lessened its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 12.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,295 shares of the company’s stock after selling 3,617 shares during the period. Aptus Capital Advisors LLC owned about 0.07% of Peakstone Realty Trust worth $358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PKST. Centaurus Financial Inc. raised its stake in shares of Peakstone Realty Trust by 55.6% during the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock valued at $12,757,000 after acquiring an additional 429,983 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Peakstone Realty Trust by 1,600.9% during the third quarter. International Assets Investment Management LLC now owns 185,940 shares of the company’s stock valued at $2,534,000 after acquiring an additional 175,008 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Peakstone Realty Trust by 176.1% during the first quarter. Cetera Investment Advisers now owns 159,396 shares of the company’s stock valued at $2,571,000 after acquiring an additional 101,668 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Peakstone Realty Trust by 102.3% during the second quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock valued at $1,154,000 after acquiring an additional 55,071 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Peakstone Realty Trust by 19.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock valued at $3,252,000 after acquiring an additional 51,025 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price objective on shares of Peakstone Realty Trust from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday.

Peakstone Realty Trust Stock Performance

Shares of NYSE:PKST opened at $12.74 on Friday. The company has a market capitalization of $463.48 million, a price-to-earnings ratio of -10.80 and a beta of 2.57. Peakstone Realty Trust has a 52 week low of $9.89 and a 52 week high of $21.73. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $13.83 and a 200 day moving average of $13.04.

Peakstone Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Peakstone Realty Trust’s dividend payout ratio (DPR) is -76.27%.

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.