Swiss National Bank Raises Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Swiss National Bank grew its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 297,900 shares of the real estate investment trust’s stock after purchasing an additional 5,400 shares during the period. Swiss National Bank’s holdings in Piedmont Office Realty Trust were worth $2,732,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Spire Wealth Management lifted its holdings in shares of Piedmont Office Realty Trust by 22.4% during the 4th quarter. Spire Wealth Management now owns 5,281 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 965 shares during the last quarter. Arizona State Retirement System raised its stake in Piedmont Office Realty Trust by 3.9% in the 4th quarter. Arizona State Retirement System now owns 34,819 shares of the real estate investment trust’s stock worth $319,000 after acquiring an additional 1,304 shares during the last quarter. Invesco Ltd. raised its stake in Piedmont Office Realty Trust by 0.5% in the 1st quarter. Invesco Ltd. now owns 296,221 shares of the real estate investment trust’s stock worth $5,101,000 after acquiring an additional 1,414 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Piedmont Office Realty Trust by 1.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 81,856 shares of the real estate investment trust’s stock worth $864,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Piedmont Office Realty Trust by 1.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 110,448 shares of the real estate investment trust’s stock worth $1,974,000 after acquiring an additional 1,550 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Piedmont Office Realty Trust in a research note on Thursday, May 18th. They issued a “sell” rating for the company.

Piedmont Office Realty Trust Stock Performance

NYSE PDM opened at $6.77 on Wednesday. The stock has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $8.66. The firm has a market capitalization of $837.06 million, a P/E ratio of 9.81 and a beta of 0.98. Piedmont Office Realty Trust, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $14.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.63 and a current ratio of 3.63.

Piedmont Office Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.41%. Piedmont Office Realty Trust’s payout ratio is currently 121.74%.

Piedmont Office Realty Trust Profile

(Get Rating)

Piedmont Office Realty Trust, Inc engages in the ownership, management, development, redevelopment, and operation of office properties. It operates through the following geographical segments: Atlanta, Dallas, Washington, DC/Northern Virginia, Boston, Orlando, Minneapolis, and New York. The company was founded on July 3, 1997 and is headquartered in Atlanta, GA.