Peakstone Realty Trust (NYSE:PKST) Short Interest Down 19.2% in January

Peakstone Realty Trust (NYSE:PKST) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,921,500 shares, a decrease of 19.2% from the December 31st total of 2,378,147 shares. Based on an average daily trading volume, of 160,639 shares, the short-interest ratio is presently 12.0 days. Currently, 5.3% of the company’s stock are sold short. Currently, 5.3% of the company’s stock are sold short. Based on an average daily trading volume, of 160,639 shares, the short-interest ratio is presently 12.0 days.

Peakstone Realty Trust Stock Performance

Shares of Peakstone Realty Trust stock traded down $0.05 during trading on Wednesday, hitting $20.73. 1,316,432 shares of the company’s stock were exchanged, compared to its average volume of 814,067. The stock has a market capitalization of $762.66 million, a price-to-earnings ratio of -2.55 and a beta of 1.70. The business has a 50-day simple moving average of $14.45 and a 200-day simple moving average of $13.75. Peakstone Realty Trust has a 52-week low of $10.35 and a 52-week high of $20.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 5.97 and a current ratio of 5.97.

Institutional Investors Weigh In On Peakstone Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Peakstone Realty Trust by 2,542.3% during the third 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. Twin Peaks Wealth Advisors LLC purchased a new position in Peakstone Realty Trust during the second quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its position in Peakstone Realty Trust by 101.4% during the third 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. Elevation Point Wealth Partners LLC acquired a new stake in Peakstone Realty Trust in the second quarter valued at approximately $35,000. Finally, Financial Life Planners purchased a new stake in shares of Peakstone Realty Trust in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PKST shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Peakstone Realty Trust in a report on Thursday, January 22nd. 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. Truist Financial restated a “hold” rating and set a $21.00 price target (up previously from $19.00) on shares of Peakstone Realty Trust in a research note on Tuesday. UBS Group downgraded shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $17.00 to $21.00 in a research note on Monday. Finally, Zacks Research raised shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Peakstone Realty Trust currently has an average rating of “Reduce” and a consensus price target of $21.00.

About Peakstone Realty Trust

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.