Thrivent Financial for Lutherans Sells 28,218 Shares of Peakstone Realty Trust $PKST

Thrivent Financial for Lutherans trimmed its holdings in shares of Peakstone Realty Trust (NYSE:PKST) by 51.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,603 shares of the company’s stock after selling 28,218 shares during the period. Thrivent Financial for Lutherans’ holdings in Peakstone Realty Trust were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PKST. Level Four Advisory Services LLC boosted its position in Peakstone Realty Trust by 3.2% during the second quarter. Level Four Advisory Services LLC now owns 27,386 shares of the company’s stock valued at $362,000 after purchasing an additional 857 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Peakstone Realty Trust by 20.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,381 shares of the company’s stock worth $71,000 after purchasing an additional 920 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Peakstone Realty Trust by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,715 shares of the company’s stock worth $274,000 after purchasing an additional 936 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Peakstone Realty Trust by 101.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,000 shares of the company’s stock valued at $26,000 after buying an additional 1,007 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Peakstone Realty Trust by 8.7% in the second quarter. Intech Investment Management LLC now owns 19,494 shares of the company’s stock valued at $258,000 after buying an additional 1,552 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Peakstone Realty Trust Stock Up 0.1%

Peakstone Realty Trust stock opened at $20.77 on Thursday. The company’s 50-day moving average price is $15.98 and its two-hundred day moving average price is $14.29. The company has a quick ratio of 5.97, a current ratio of 5.97 and a debt-to-equity ratio of 1.34. The stock has a market cap of $763.94 million, a P/E ratio of -2.55 and a beta of 1.70. Peakstone Realty Trust has a twelve month low of $10.35 and a twelve month high of $20.97.

Peakstone Realty Trust (NYSE:PKST) last announced its earnings results on Wednesday, February 18th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.22). The firm had revenue of $25.99 million for the quarter, compared to the consensus estimate of $28.57 million. Peakstone Realty Trust had a negative return on equity of 32.69% and a negative net margin of 153.27%. As a group, analysts expect that Peakstone Realty Trust will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PKST shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Peakstone Realty Trust in a research note on Thursday, January 22nd. UBS Group cut shares of Peakstone Realty Trust from a “buy” rating to a “neutral” rating and upped their target price for the company from $17.00 to $21.00 in a report on Monday, February 2nd. Wall Street Zen cut Peakstone Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Truist Financial downgraded Peakstone Realty Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from $19.00 to $21.00 in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Peakstone Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Peakstone Realty Trust has a consensus rating of “Reduce” and a consensus target price of $21.00.

Peakstone Realty Trust Company Profile

Peakstone Realty Trust, Inc (NYSE: PKST) is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of necessity-based retail and distribution properties. The company specializes in grocery-anchored shopping centers, community and neighborhood retail assets, and a growing portfolio of cold storage and distribution facilities. Peakstone generates rental income under long-term leases with a mix of national grocers, drugstore chains and logistics tenants.

Peakstone’s retail portfolio is anchored by investment-grade tenants in densely populated trade areas, providing tenants with essential goods and services and supporting resilient occupancy and cash flow.