In last trading session, Peakstone Realty Trust (NYSE:PKST) saw 1.29 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $19.37 trading at $0.83 or 4.48% at ring of the bell on the day assigns it a market valuation of $684.54M. That closing price of PKST’s stock is at a discount of -142.64% from its 52-week high price of $47.00 and is indicating a premium of 58.7% from its 52-week low price of $8.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 354.15K if we extend that period to 3-months.
For Peakstone Realty Trust (PKST), analysts’ consensus is at an average recommendation of an Underweight while assigning it a mean rating of 3.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.61 in the current quarter.
Peakstone Realty Trust (NYSE:PKST) trade information
Upright in the green during last session for gaining 4.48%, in the last five days PKST remained trading in the green while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $19.37 price level, adding 0.97% to its value on the day. Peakstone Realty Trust’s shares saw a change of 66.27% in year-to-date performance and have moved 0.94% in past 5-day. Peakstone Realty Trust (NYSE:PKST) showed a performance of -3.73% in past 30-days. Number of shares sold short was 0.89 million shares which calculate 5.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $20.25 to the stock, which implies a rise of 4.35% to its current value. Analysts have been projecting $18.50 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -13.58% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.49% for stock’s current value.
Peakstone Realty Trust (PKST) estimates and forecasts
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $62.67 million for the same. And 2 analysts are in estimates of company making revenue of $62.79 million in the next quarter that will end on Dec 2023.
Peakstone Realty Trust is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Peakstone Realty Trust (NYSE:PKST)’s Major holders
Insiders are in possession of 0.70% of company’s total shares while institution are holding 12.84 percent of that, with stock having share float percentage of 12.93%. Investors also watch the number of corporate investors in a company very closely, which is 12.84% institutions for Peakstone Realty Trust that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at PKST for having 2.11 million shares of worth $58.9 million. And as of Jun 29, 2023, it was holding 5.86% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 1.74 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.84% of outstanding shares, having a total worth of $48.65 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.07 million shares of worth $29.87 million or 2.97% of the total outstanding shares. The later fund manager was in possession of 0.62 million shares on Jul 30, 2023, making its stake of worth around $15.69 million in the company or a holder of 1.72% of company’s stock.