Peakstone Realty Trust (PKST) Declares $0.22 Dividend
Peakstone Realty Trust said on February 22, 2024 that its board of directors declared a regular quarterly dividend of $0.22 per share ($0.90 annualized). Previously, the company paid $0.22 per share.
Shares must be purchased before the ex-div date of March 27, 2024 to qualify for the dividend. Shareholders of record as of March 29, 2024 will receive the payment on April 18, 2024.
At the current share price of $13.77 / share, the stock's dividend yield is 6.54%.
Looking back five years and taking a sample every week, the average dividend yield has been 5.29%, the lowest has been 0.98%, and the highest has been 17.64%. The standard deviation of yields is 4.24 (n=38).
The current dividend yield is 0.29 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is -0.71%.
What is the Fund Sentiment?
There are 274 funds or institutions reporting positions in Peakstone Realty Trust. This is a decrease of 7 owner(s) or 2.49% in the last quarter. Average portfolio weight of all funds dedicated to PKST is 0.04%, a decrease of 9.64%. Total shares owned by institutions increased in the last three months by 17.51% to 14,685K shares. 
The put/call ratio of PKST is 1.12, indicating a bearish outlook.
Analyst Price Forecast Suggests 5.56% Upside
As of January 19, 2024, the average one-year price target for Peakstone Realty Trust is 14.54. The forecasts range from a low of 11.62 to a high of $17.85. The average price target represents an increase of 5.56% from its latest reported closing price of 13.77.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Peakstone Realty Trust is 263MM, an increase of 3.60%. The projected annual non-GAAP EPS is -0.99.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,076K shares representing 2.99% ownership of the company. In it's prior filing, the firm reported owning 1,070K shares, representing an increase of 0.61%. The firm decreased its portfolio allocation in PKST by 37.76% over the last quarter.
IWM - iShares Russell 2000 ETF holds 823K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 651K shares, representing an increase of 20.89%. The firm decreased its portfolio allocation in PKST by 21.19% over the last quarter.
Geode Capital Management holds 822K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 714K shares, representing an increase of 13.12%. The firm increased its portfolio allocation in PKST by 21.08% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 506K shares representing 1.40% ownership of the company. In it's prior filing, the firm reported owning 499K shares, representing an increase of 1.40%. The firm decreased its portfolio allocation in PKST by 37.28% over the last quarter.
Centaurus Financial holds 486K shares representing 1.35% ownership of the company. In it's prior filing, the firm reported owning 363K shares, representing an increase of 25.28%. The firm decreased its portfolio allocation in PKST by 20.80% over the last quarter.
Additional reading:
- Press Release (Earnings), dated February 22, 2024
- Supplemental Information, dated February 22, 2024
- Amendment No. 1 to Amended and Restated Employment Agreement, dated November 14, 2023, by and between Peakstone Realty Trust and Michael J. Escalante
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