Bank of America analyst Jeffrey Spector has adjusted his outlook for Peakstone Realty Trust (PKST, Financial) by lowering the stock’s price target from $12 to $11. Despite this adjustment, the analyst continues to rate the stock as Underperform.
The revision follows recent property evaluations and updates on the company's performance thus far this quarter. Spector anticipates that Peakstone Realty Trust will generally meet or exceed expectations for its first-quarter earnings. This outlook comes as part of an anticipated overall positive earnings season for Real Estate Investment Trusts (REITs).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Peakstone Realty Trust (PKST, Financial) is $13.33 with a high estimate of $15.00 and a low estimate of $11.00. The average target implies an upside of 20.34% from the current price of $11.08. More detailed estimate data can be found on the Peakstone Realty Trust (PKST) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Peakstone Realty Trust's (PKST, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Peakstone Realty Trust (PKST, Financial) in one year is $11.21, suggesting a upside of 1.17% from the current price of $11.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Peakstone Realty Trust (PKST) Summary page.
