Pictet Asset Management SA Has $652,000 Stock Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Pictet Asset Management SA grew its position in Piedmont Office Realty Trust, Inc. (NYSE:PDMGet Rating) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,689 shares of the real estate investment trust’s stock after buying an additional 4,030 shares during the quarter. Pictet Asset Management SA’s holdings in Piedmont Office Realty Trust were worth $652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Piedmont Office Realty Trust by 2.8% during the first quarter. Vanguard Group Inc. now owns 19,626,841 shares of the real estate investment trust’s stock valued at $337,974,000 after acquiring an additional 534,136 shares in the last quarter. State Street Corp raised its position in shares of Piedmont Office Realty Trust by 11.6% in the first quarter. State Street Corp now owns 6,174,792 shares of the real estate investment trust’s stock valued at $106,330,000 after purchasing an additional 640,582 shares during the period. LSV Asset Management raised its position in shares of Piedmont Office Realty Trust by 0.5% in the first quarter. LSV Asset Management now owns 4,495,294 shares of the real estate investment trust’s stock valued at $77,409,000 after purchasing an additional 21,350 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Piedmont Office Realty Trust by 22.0% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,529,327 shares of the real estate investment trust’s stock valued at $60,775,000 after purchasing an additional 635,689 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Piedmont Office Realty Trust by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,909,120 shares of the real estate investment trust’s stock valued at $50,096,000 after purchasing an additional 150,035 shares during the period. 82.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Piedmont Office Realty Trust in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Piedmont Office Realty Trust Trading Down 1.0 %

NYSE:PDM opened at $9.98 on Thursday. Piedmont Office Realty Trust, Inc. has a 12 month low of $9.34 and a 12 month high of $19.84. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 31.19 and a beta of 0.95. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $10.45 and its 200-day moving average is $12.35.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, November 25th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.84 annualized dividend and a dividend yield of 8.42%. Piedmont Office Realty Trust’s payout ratio is 262.51%.

Piedmont Office Realty Trust Company Profile

(Get Rating)

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.

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Institutional Ownership by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

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