Peakstone Realty Trust (NYSE: PKST)’s stock price has soared by 15.84 in relation to previous closing price of 14.96. Nevertheless, the company has seen a gain of 27.15% in its stock price over the last five trading days. Business Wire reported 2023-10-18 that EL SEGUNDO, Calif.–(BUSINESS WIRE)–Peakstone Realty Trust (NYSE: PKST) (“Peakstone” or the “Company”), a real estate investment trust (REIT) focused on owning and operating a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties, announced it will release its third quarter 2023 financial results after the market closes on Thursday, November 9, 2023. Peakstone will host a webcast to present the results on Thursday, November 9, 2023 at 5:00 p.m. E.
Is It Worth Investing in Peakstone Realty Trust (NYSE: PKST) Right Now?
The public float for PKST is 35.66M, and currently, shorts hold a 2.61% of that float. The average trading volume for PKST on November 16, 2023 was 211.43K shares.
PKST’s Market Performance
The stock of Peakstone Realty Trust (PKST) has seen a 27.15% increase in the past week, with a 12.39% rise in the past month, and a -11.31% fall in the past quarter. The volatility ratio for the week is 10.37%, and the volatility levels for the past 30 days are at 7.77% for PKST. The simple moving average for the past 20 days is 27.69% for PKST’s stock, with a -19.36% simple moving average for the past 200 days.
Analysts’ Opinion of PKST
Many brokerage firms have already submitted their reports for PKST stocks, with BofA Securities repeating the rating for PKST by listing it as a “Underperform.” The predicted price for PKST in the upcoming period, according to BofA Securities is $27 based on the research report published on June 13, 2023 of the current year 2023.
PKST Trading at 10.24% from the 50-Day Moving Average
After a stumble in the market that brought PKST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.13% of loss for the given period.
Volatility was left at 7.77%, however, over the last 30 days, the volatility rate increased by 10.37%, as shares surge +20.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.02% lower at present.
During the last 5 trading sessions, PKST rose by +27.15%, in comparison to the 20-day moving average, which settled at $13.72. In addition, Peakstone Realty Trust saw 48.76% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PKST
Current profitability levels for the company are sitting at:
- +21.91 for the present operating margin
- +31.81 for the gross margin
The net margin for Peakstone Realty Trust stands at -96.49. The total capital return value is set at 2.11, while invested capital returns managed to touch -9.80. Equity return is now at value -47.33, with -22.34 for asset returns.
Based on Peakstone Realty Trust (PKST), the company’s capital structure generated 85.89 points at debt to equity in total, while total debt to capital is 46.20. Total debt to assets is 42.73, with long-term debt to equity ratio resting at 89.67. Finally, the long-term debt to capital ratio is 44.90.
The receivables turnover for the company is 3,073.69 and the total asset turnover is 0.09.
In conclusion, Peakstone Realty Trust (PKST) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.