Peakstone Realty Trust (NYSE:PKST) Sets New 1-Year High – Still a Buy?

Peakstone Realty Trust (NYSE:PKST)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.00 and last traded at $20.9850, with a volume of 878138 shares traded. The stock had previously closed at $20.98.

Wall Street Analyst Weigh In

PKST has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research note on Thursday, January 22nd. Truist Financial lowered shares of Peakstone Realty Trust from a “buy” rating to a “hold” rating and increased their target price for the company from $19.00 to $21.00 in a research report on Tuesday, February 3rd. Finally, UBS Group downgraded shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $17.00 to $21.00 in a research report on Monday, February 2nd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $21.00.

Peakstone Realty Trust Trading Up 0.0%

The stock has a market capitalization of $780.22 million, a P/E ratio of -2.50 and a beta of 1.11. The business has a 50 day simple moving average of $20.89 and a 200-day simple moving average of $17.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.83 and a current ratio of 2.83.

Peakstone Realty Trust (NYSE:PKST) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.66). The firm had revenue of $25.99 million during the quarter, compared to the consensus estimate of $28.57 million. Peakstone Realty Trust had a negative return on equity of 39.44% and a negative net margin of 189.03%.

Institutional Investors Weigh In On Peakstone Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. lifted its holdings in Peakstone Realty Trust by 2,542.3% in the 3rd quarter. Assetmark Inc. now owns 1,876 shares of the company’s stock valued at $25,000 after acquiring an additional 1,805 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Peakstone Realty Trust by 101.4% in 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 during the last quarter. Financial Life Planners bought a new stake in shares of Peakstone Realty Trust in the 3rd quarter worth approximately $44,000. Versant Capital Management Inc raised its holdings in shares of Peakstone Realty Trust by 1,588.6% in the 3rd quarter. Versant Capital Management Inc now owns 3,546 shares of the company’s stock worth $47,000 after purchasing an additional 3,336 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Peakstone Realty Trust by 209.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,767 shares of the company’s stock valued at $50,000 after purchasing an additional 2,551 shares during the last quarter. 38.98% of the stock is currently owned by institutional investors.

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.