Peakstone Realty Trust price target lowered to $13 from $15 at Truist

Truist analyst Anthony Hau lowered the firm’s price target on Peakstone Realty Trust (PKST) to $13 from $15 and keeps a Hold rating on the shares as part of a 2025 outlook for real estate investment trusts. The firm is neutral on REITs for 2025, saying its enthusiasm for improving fundamentals and earnings growth amid declining new supply is tempered by uncertainty regarding long-term interest rates and relatively tight cap rate spreads versus Treasuries and corporate bonds. Truist is “relatively bullish” on data center, retail, industrial, and gaming, neutral on manufactured housing, healthcare, multifamily, office, and triple net, and “relatively cautious” on self-storage.