Peakstone Realty Trust (NYSE:PKST) Sets New 12-Month High After Dividend Announcement

Peakstone Realty Trust (NYSE:PKST - Get Free Report) hit a new 52-week high during trading on Thursday after the company announced a dividend. The company traded as high as $14.45 and last traded at $14.3450, with a volume of 369014 shares trading hands. The stock had previously closed at $13.28.The newly announced dividend which will be paid on Monday, January 19th. Stockholders of record on Wednesday, December 31st will be given a $0.10 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. Peakstone Realty Trust's payout ratio is -4.50%.Get Peakstone Realty Trust alerts:Analysts Set New Price TargetsSeveral analysts have recently commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Peakstone Realty Trust in a research report on Wednesday, October 8th. UBS Group raised their price objective on shares of Peakstone Realty Trust from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Truist Financial raised shares of Peakstone Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $16.00 to $19.00 in a research report on Wednesday, September 3rd. Finally, Zacks Research raised shares of Peakstone Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.50.Check Out Our Latest Analysis on PKSTPeakstone Realty Trust Trading Up 8.0%The business has a fifty day moving average of $13.32 and a 200-day moving average of $12.99. The company has a debt-to-equity ratio of 1.61, a quick ratio of 5.02 and a current ratio of 5.02. The company has a market capitalization of $527.77 million, a P/E ratio of -1.61 and a beta of 1.76. Hedge Funds Weigh In On Peakstone Realty TrustA number of large investors have recently modified their holdings of PKST. GAMMA Investing LLC boosted its holdings in Peakstone Realty Trust by 274.9% during the 1st quarter. GAMMA Investing LLC now owns 5,949 shares of the company's stock worth $75,000 after acquiring an additional 4,362 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Peakstone Realty Trust during the first quarter valued at approximately $129,000. Bank of New York Mellon Corp lifted its holdings in Peakstone Realty Trust by 19.9% during the first quarter. Bank of New York Mellon Corp now owns 136,399 shares of the company's stock worth $1,719,000 after acquiring an additional 22,625 shares during the period. Allworth Financial LP boosted its position in Peakstone Realty Trust by 26.3% in the first quarter. Allworth Financial LP now owns 4,418 shares of the company's stock worth $53,000 after purchasing an additional 919 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in Peakstone Realty Trust in the 1st quarter valued at $58,000. 38.98% of the stock is currently owned by institutional investors. About Peakstone Realty Trust (Get Free Report)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.Featured StoriesFive stocks we like better than Peakstone Realty TrustComparing and Trading High PE Ratio StocksCisco's Turning Point? The Market's Most Overlooked AI PlayThe Basics of Support and ResistanceUpwork's Stock Soars on Q3 Blowout and a New AI BlueprintInvesting in Commodities: What Are They? How to Invest in ThemThe Metals Market Is Heating Up—4 Stocks Poised to ShineThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Peakstone Realty Trust Right Now?Before you consider Peakstone Realty Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peakstone Realty Trust wasn't on the list.While Peakstone Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here