Clear Harbor Asset Management LLC Purchases Shares of 32,262 Peakstone Realty Trust (NYSE:PKST)

Clear Harbor Asset Management LLC bought a new stake in shares of Peakstone Realty Trust (NYSE:PKST) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,262 shares of the company’s stock, valued at approximately $440,000. Clear Harbor Asset Management LLC owned about 0.09% of Peakstone Realty Trust as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Peakstone Realty Trust by 19.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 306,813 shares of the company’s stock worth $3,252,000 after acquiring an additional 51,025 shares during the last quarter. My Legacy Advisors LLC bought a new stake in Peakstone Realty Trust in the second quarter worth $476,000. Centaurus Financial Inc. lifted its position in shares of Peakstone Realty Trust by 55.6% in the second quarter. Centaurus Financial Inc. now owns 1,203,454 shares of the company’s stock worth $12,757,000 after buying an additional 429,983 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Peakstone Realty Trust by 102.3% in the 2nd quarter. AQR Capital Management LLC now owns 108,887 shares of the company’s stock worth $1,154,000 after purchasing an additional 55,071 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Peakstone Realty Trust by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,084 shares of the company’s stock valued at $149,000 after purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Performance

Shares of NYSE:PKST opened at $13.22 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 8.03 and a current ratio of 8.03. The firm has a market cap of $479.97 million, a PE ratio of -0.85 and a beta of 2.63. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $21.73. The business has a fifty day moving average of $13.71 and a 200-day moving average of $13.05.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Monday, September 30th. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -5.79%.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their price target on Peakstone Realty Trust from $16.00 to $13.00 and set a “hold” rating for the company 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.