Peakstone Realty Trust (NYSE:PKST – Get Free Report) announced a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.225 per share on Thursday, October 17th. This represents a $0.90 annualized dividend and a yield of 6.46%. The ex-dividend date is Monday, September 30th.
Peakstone Realty Trust has a dividend payout ratio of -169.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Peakstone Realty Trust to earn $2.49 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 36.1%.
Peakstone Realty Trust Stock Down 1.7 %
NYSE PKST opened at $13.93 on Friday. Peakstone Realty Trust has a twelve month low of $9.89 and a twelve month high of $21.73. The stock has a market cap of $506.77 million, a PE ratio of -0.90 and a beta of 2.63. The firm has a 50-day simple moving average of $13.37 and a 200 day simple moving average of $13.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 8.03 and a current ratio of 8.03.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Peakstone Realty Trust
About Peakstone Realty Trust
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 Stories
- Five stocks we like better than Peakstone Realty Trust
- Which Wall Street Analysts are the Most Accurate?
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- Investing in Construction Stocks
- CarMax’s Impressive Rally: What Investors Should Watch Next
- The Significance of Brokerage Rankings in Stock Selection
- MarketBeat Week in Review – 9/23 – 9/27
Receive News & Ratings for Peakstone Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peakstone Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.