Trust Co. of Oklahoma Trims Holdings in Peakstone Realty Trust (NYSE:PKST)

Trust Co. of Oklahoma reduced its stake in Peakstone Realty Trust (NYSE:PKST) by 10.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,746 shares of the company’s stock after selling 1,416 shares during the quarter. Trust Co. of Oklahoma’s holdings in Peakstone Realty Trust were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Peakstone Realty Trust by 4.7% during the third quarter. Vanguard Group Inc. now owns 1,823,509 shares of the company’s stock worth $30,343,000 after acquiring an additional 81,169 shares during the period. LPL Financial LLC boosted its holdings in Peakstone Realty Trust by 33.5% in the third quarter. LPL Financial LLC now owns 266,588 shares of the company’s stock valued at $4,436,000 after purchasing an additional 66,940 shares during the period. Triumph Capital Management grew its stake in Peakstone Realty Trust by 70.8% during the 4th quarter. Triumph Capital Management now owns 88,930 shares of the company’s stock worth $1,792,000 after purchasing an additional 36,875 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Peakstone Realty Trust during the 3rd quarter worth about $548,000. Finally, Charles Schwab Investment Management Inc. raised its position in Peakstone Realty Trust by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,330 shares of the company’s stock valued at $7,577,000 after purchasing an additional 29,594 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Down 3.6 %

Shares of NYSE:PKST traded down $0.38 during trading hours on Wednesday, reaching $10.32. The stock had a trading volume of 59,086 shares, compared to its average volume of 157,949. Peakstone Realty Trust has a 1 year low of $10.08 and a 1 year high of $27.87. The firm’s 50 day moving average is $12.59 and its 200-day moving average is $14.61. The stock has a market capitalization of $374.72 million, a price-to-earnings ratio of -0.66 and a beta of 2.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 7.90 and a current ratio of 7.90.

Peakstone Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend is Friday, June 28th. Peakstone Realty Trust’s dividend payout ratio (DPR) is presently -5.79%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price objective on Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th.

Peakstone Realty Trust 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.