Diversify Wealth Management LLC Sells 947 Shares of Peakstone Realty Trust (NYSE:PKST)

Diversify Wealth Management LLC lessened its stake in shares of Peakstone Realty Trust (NYSE:PKST) by 6.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,163 shares of the company’s stock after selling 947 shares during the quarter. Diversify Wealth Management LLC’s holdings in Peakstone Realty Trust were worth $190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in Peakstone Realty Trust during the third quarter valued at approximately $30,000. Tsfg LLC increased its holdings in shares of Peakstone Realty Trust by 43.0% in the second quarter. Tsfg LLC now owns 2,933 shares of the company’s stock worth $31,000 after purchasing an additional 882 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Peakstone Realty Trust in the second quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Peakstone Realty Trust in the first quarter worth $48,000. Finally, Fortis Group Advisors LLC boosted its stake in Peakstone Realty Trust by 18.3% during the third quarter. Fortis Group Advisors LLC now owns 6,279 shares of the company’s stock valued at $86,000 after buying an additional 970 shares during the period. 38.98% of the stock is currently owned by institutional investors.

Peakstone Realty Trust Trading Down 0.8 %

Shares of Peakstone Realty Trust stock opened at $13.01 on Friday. The company has a 50 day simple moving average of $13.76 and a two-hundred day simple moving average of $13.03. The firm has a market cap of $473.25 million, a PE ratio of -11.03 and a beta of 2.63. Peakstone Realty Trust has a 1 year low of $9.89 and a 1 year high of $21.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 8.03 and a quick ratio of 8.03.

Peakstone Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.225 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.90 annualized dividend and a yield of 6.92%. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -76.27%.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price target on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st.

Peakstone Realty Trust Company Profile

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.