Peakstone Realty Trust (NYSE:PKST) Short Interest Update

Peakstone Realty Trust (NYSE:PKST) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,081,825 shares, an increase of 39.5% from the February 12th total of 775,465 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 402,566 shares, the short-interest ratio is presently 2.7 days. Based on an average trading volume of 402,566 shares, the short-interest ratio is presently 2.7 days. Currently, 2.9% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group cut 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 report on Monday, February 2nd. Truist Financial cut shares of Peakstone Realty Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from $19.00 to $21.00 in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Peakstone Realty Trust in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $21.00.

Hedge Funds Weigh In On Peakstone Realty Trust

A number of hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its position in shares of Peakstone Realty Trust by 2,542.3% during 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 in the last quarter. Farther Finance Advisors LLC lifted its stake 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 during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Peakstone Realty Trust during the second quarter valued at approximately $26,000. Elevation Point Wealth Partners LLC acquired a new stake in Peakstone Realty Trust during the second quarter valued at approximately $35,000. Finally, Financial Life Planners bought a new stake in shares of Peakstone Realty Trust in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Price Performance

Shares of Peakstone Realty Trust stock opened at $20.82 on Monday. Peakstone Realty Trust has a 1-year low of $10.70 and a 1-year high of $20.97. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $773.90 million, a price-to-earnings ratio of -2.48 and a beta of 1.45. The firm has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $15.27.

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