Peakstone Realty Trust (NYSE:PKST) Short Interest Update

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

Hedge Funds Weigh In On Peakstone Realty Trust

Several large investors have recently bought and sold shares of PKST. Centaurus Financial Inc. grew its holdings in shares of Peakstone Realty Trust by 3.1% during the second quarter. Centaurus Financial Inc. now owns 1,362,668 shares of the company’s stock worth $18,001,000 after purchasing an additional 40,514 shares during the last quarter. Conversant Capital LLC acquired a new stake in Peakstone Realty Trust during the 2nd quarter worth approximately $15,652,000. J. Goldman & Co LP grew its holdings 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 acquiring an additional 200,708 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Peakstone Realty Trust by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 928,589 shares of the company’s stock worth $13,325,000 after acquiring an additional 145,059 shares during the last quarter. Finally, TCW Group Inc. increased its position in Peakstone Realty Trust by 26.7% in the 4th quarter. TCW Group Inc. now owns 473,800 shares of the company’s stock valued at $6,799,000 after acquiring an additional 99,900 shares during the period. 38.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PKST shares. Truist Financial downgraded Peakstone Realty Trust from a “buy” rating to a “hold” rating and upped their target price for the company from $19.00 to $21.00 in a research report on Tuesday, February 3rd. 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. Zacks Research raised shares of Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Peakstone Realty Trust in a report on Thursday, January 22nd. Finally, UBS Group lowered shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and increased 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 stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $21.00.

Peakstone Realty Trust Price Performance

Shares of PKST traded up $0.01 during mid-day trading on Friday, reaching $20.87. The company had a trading volume of 350,882 shares, compared to its average volume of 1,220,141. The company has a market capitalization of $775.76 million, a price-to-earnings ratio of -2.49 and a beta of 1.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.83 and a current ratio of 2.83. The company’s 50 day simple moving average is $16.89 and its 200 day simple moving average is $14.67. Peakstone Realty Trust has a 1-year low of $10.70 and a 1-year high of $20.97.

Peakstone Realty Trust (NYSE:PKST) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.66). The company had revenue of $25.99 million during the quarter, compared to the consensus estimate of $28.57 million. Peakstone Realty Trust had a negative net margin of 189.03% and a negative return on equity of 39.44%. Analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current year.

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.