SG Americas Securities LLC Trims Stock Holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

SG Americas Securities LLC lowered its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM – Get Rating) by 18.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,091 shares of the real estate investment trust’s stock after selling 12,702 shares during the period. SG Americas Securities LLC’s holdings in Piedmont Office Realty Trust were worth $592,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Piedmont Office Realty Trust by 2.8% in 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 purchasing an additional 534,136 shares during the last quarter. State Street Corp lifted its holdings in Piedmont Office Realty Trust by 11.6% during the 1st quarter. State Street Corp now owns 6,174,792 shares of the real estate investment trust’s stock worth $106,330,000 after buying an additional 640,582 shares during the last quarter. FMR LLC lifted its holdings in Piedmont Office Realty Trust by 9.4% during the 2nd quarter. FMR LLC now owns 4,216,424 shares of the real estate investment trust’s stock worth $55,320,000 after buying an additional 362,145 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Piedmont Office Realty Trust by 5.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,909,120 shares of the real estate investment trust’s stock worth $50,096,000 after buying an additional 150,035 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Piedmont Office Realty Trust by 10.2% during the 1st quarter. Prudential Financial Inc. now owns 1,323,360 shares of the real estate investment trust’s stock worth $22,788,000 after buying an additional 122,282 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Piedmont Office Realty Trust Stock Up 1.1 %

Shares of Piedmont Office Realty Trust stock opened at $9.94 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.19. The business’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $10.99. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 31.06 and a beta of 0.96. Piedmont Office Realty Trust, Inc. has a twelve month low of $8.72 and a twelve month high of $18.38.

Piedmont Office Realty Trust (NYSE:PDM – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.47). The company had revenue of $144.10 million for the quarter, compared to analyst estimates of $137.94 million. Piedmont Office Realty Trust had a return on equity of 2.19% and a net margin of 7.12%. Equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 2 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, November 25th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date of this dividend was Wednesday, November 23rd. Piedmont Office Realty Trust’s payout ratio is 262.51%.

Analyst Ratings Changes

A number of research firms have commented on PDM. StockNews.com raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 10th. JPMorgan Chase & Co. reduced their target price on Piedmont Office Realty Trust from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, December 2nd.

Piedmont Office Realty Trust Company Profile

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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.