Date | Price Target | Rating | Analyst |
---|---|---|---|
6/13/2023 | $27.00 | Underperform | BofA Securities |
6/2/2023 | $24.00 | Hold | Truist |
Peakstone Realty Trust (NYSE:PKST) reported quarterly earnings of $0.70 per share which missed the analyst consensus estimate of $0.75 by 6.67 percent. This is a 2.94 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $59.227 million which missed the analyst consensus estimate of $62.565 million by 5.34 percent. This is a 11.57 percent decrease over sales of $66.973 million the same period last year.
Truist Securities analyst Anthony Hau maintains Peakstone Realty Tr (NYSE:PKST) with a Hold and lowers the price target from $17 to $15.
A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%. Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. Consequently, investors sharply revised down their expectations for Fed rate cuts, now anticipating the commencement of any easing policy no earlier than September, with less
10-Q - Peakstone Realty Trust (0001600626) (Filer)
8-K - Peakstone Realty Trust (0001600626) (Filer)
8-K - Peakstone Realty Trust (0001600626) (Filer)
SC 13G/A - Peakstone Realty Trust (0001600626) (Subject)
- Successfully Extended Credit Facility - Completed 546,000 Square Feet of Leasing During the First Half of 2024 Peakstone Realty Trust (the "Company") (NYSE:PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended June 30, 2024. "During the second quarter, we continued to proactively manage our balance sheet, optimize our portfolio composition, and achieve strong industrial releasing spreads. As a testament to our effective operational efforts and our well-leased, diversified portfolio, we successfully amended our credi
Peakstone Realty Trust ("PKST" or the "Company") (NYSE:PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Peakstone will host a webcast to present the results on Thursday, August 8, 2024 at 5:00 p.m. Eastern Time. To access the webcast, which will be available in listen-only mode, please visit investors.pkst.com/investors/events-and-presentations at least ten minutes prior to the scheduled start time to register and install any necessary software. A replay
- Completed 241,400 Square Feet of Lease Renewals at Favorable Releasing Spreads - Strengthened Balance Sheet and Enhanced the Composition of the Portfolio Peakstone Realty Trust ("PKST" or the "Company") (NYSE:PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended March 31, 2024. "As we mark our first-year anniversary as a listed company, we are proud to reaffirm our commitment to execute on our strategic plan aimed at bolstering our balance sheet and optimizing our portfolio to further align with our long-term grow
- Successfully Extended Credit Facility - Completed 546,000 Square Feet of Leasing During the First Half of 2024 Peakstone Realty Trust (the "Company") (NYSE:PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced its financial results for the quarter ended June 30, 2024. "During the second quarter, we continued to proactively manage our balance sheet, optimize our portfolio composition, and achieve strong industrial releasing spreads. As a testament to our effective operational efforts and our well-leased, diversified portfolio, we successfully amended our credi
Peakstone Realty Trust (the "Company") (NYSE:PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, today announced the successful closing of an amended and extended $907 million unsecured credit facility, underscoring the strength of its balance sheet and high-quality portfolio. Key highlights of the amended facility include: Size/Term: $907 million unsecured credit facility comprised of a $547 million revolver (extended maturity to July 2028), a $210 million term loan (extended maturity to July 2028), and a $150 million term loan (unchanged maturity in April 2026). Inter
Peakstone Realty Trust ("PKST" or the "Company") (NYSE:PKST), a real estate investment trust that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. Peakstone will host a webcast to present the results on Thursday, August 8, 2024 at 5:00 p.m. Eastern Time. To access the webcast, which will be available in listen-only mode, please visit investors.pkst.com/investors/events-and-presentations at least ten minutes prior to the scheduled start time to register and install any necessary software. A replay
BofA Securities initiated coverage of Peakstone Realty Trust with a rating of Underperform and set a new price target of $27.00
Truist initiated coverage of Peakstone Realty Trust with a rating of Hold and set a new price target of $24.00
4 - Peakstone Realty Trust (0001600626) (Issuer)
4 - Peakstone Realty Trust (0001600626) (Issuer)
4 - Peakstone Realty Trust (0001600626) (Issuer)