Truist initiated coverage on Peakstone Realty Trust with a new price target
$PKST
Real Estate Investment Trusts
Real Estate
Truist initiated coverage of Peakstone Realty Trust with a rating of Hold and set a new price target of $24.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/13/2023 | $27.00 | Underperform | BofA Securities |
| 6/2/2023 | $24.00 | Hold | Truist |
Acquires Assets from Alterra IOS and J.P. Morgan Asset Management Establishes Presence in High-Growth Industrial Outdoor Storage Sector Provides Significant Mark-to-Market Opportunity Over Time Complements Existing Industrial Portfolio Schedules Transaction Webcast for Tuesday, November 5, 2024, at 8:30 AM EST Peakstone Realty Trust (the "Company") (NYSE:PKST), a real estate investment trust focused on owning and operating industrial assets, announced today that the Company has acquired a portfolio of 51 industrial outdoor storage ("IOS") properties from a joint venture between Alterra IOS, and institutional investors advised by J.P. Morgan Asset Management in an off-market transaction
- Completed 147,400 square feet of Leasing at Significant Spreads - Multiple Sales Meaningfully reduced Other Segment (now approximately 10% of ABR) - Strong Foundation for Growth 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 September 30, 2024. Michael Escalante, CEO commented, "As a result of our team's dedication and strategic approach, I am excited to announce that we have laid the groundwork for the next phase of our business plan – growing our Industrial Segme
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 third quarter 2024 financial results after the market closes on Wednesday, October 30, 2024. Peakstone will host a webcast to present the results on Wednesday, October 30, 2024 at 5:00 p.m. Eastern Time. To access the webcast, which will be available in listen-only mode, please visit https://investors.pkst.com/investors/events-and-presentations at least ten minutes prior to the scheduled start time to register and install any necessary softwar
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
SC 13G/A - Peakstone Realty Trust (0001600626) (Subject)
Acquires Assets from Alterra IOS and J.P. Morgan Asset Management Establishes Presence in High-Growth Industrial Outdoor Storage Sector Provides Significant Mark-to-Market Opportunity Over Time Complements Existing Industrial Portfolio Schedules Transaction Webcast for Tuesday, November 5, 2024, at 8:30 AM EST Peakstone Realty Trust (the "Company") (NYSE:PKST), a real estate investment trust focused on owning and operating industrial assets, announced today that the Company has acquired a portfolio of 51 industrial outdoor storage ("IOS") properties from a joint venture between Alterra IOS, and institutional investors advised by J.P. Morgan Asset Management in an off-market transaction
- Completed 147,400 square feet of Leasing at Significant Spreads - Multiple Sales Meaningfully reduced Other Segment (now approximately 10% of ABR) - Strong Foundation for Growth 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 September 30, 2024. Michael Escalante, CEO commented, "As a result of our team's dedication and strategic approach, I am excited to announce that we have laid the groundwork for the next phase of our business plan – growing our Industrial Segme
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 third quarter 2024 financial results after the market closes on Wednesday, October 30, 2024. Peakstone will host a webcast to present the results on Wednesday, October 30, 2024 at 5:00 p.m. Eastern Time. To access the webcast, which will be available in listen-only mode, please visit https://investors.pkst.com/investors/events-and-presentations at least ten minutes prior to the scheduled start time to register and install any necessary softwar
4 - Peakstone Realty Trust (0001600626) (Issuer)
3 - Peakstone Realty Trust (0001600626) (Issuer)
4 - Peakstone Realty Trust (0001600626) (Issuer)
8-K/A - Peakstone Realty Trust (0001600626) (Filer)
8-K - Peakstone Realty Trust (0001600626) (Filer)
8-K - Peakstone Realty Trust (0001600626) (Filer)
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