Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stock Holdings Lowered by GraniteShares Advisors LLC

GraniteShares Advisors LLC reduced its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,594 shares of the real estate investment trust’s stock after selling 1,655 shares during the quarter. GraniteShares Advisors LLC owned 0.13% of Piedmont Office Realty Trust worth $1,131,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James & Associates lifted its holdings in shares of Piedmont Office Realty Trust by 13.7% in the first quarter. Raymond James & Associates now owns 41,464 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 5,007 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in Piedmont Office Realty Trust by 15.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 18,036 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 2,368 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Piedmont Office Realty Trust by 201.5% during the first quarter. PNC Financial Services Group Inc. now owns 14,129 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 9,442 shares during the period. MetLife Investment Management LLC lifted its stake in Piedmont Office Realty Trust by 56.4% in the first quarter. MetLife Investment Management LLC now owns 64,184 shares of the real estate investment trust’s stock valued at $1,105,000 after buying an additional 23,137 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in Piedmont Office Realty Trust by 1.4% in the first quarter. Great West Life Assurance Co. Can now owns 110,448 shares of the real estate investment trust’s stock valued at $1,974,000 after buying an additional 1,550 shares during the period. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday.

Piedmont Office Realty Trust Stock Up 12.5 %

PDM stock opened at $6.30 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average price of $5.67 and a two-hundred day moving average price of $6.47. The company has a market cap of $779.37 million, a price-to-earnings ratio of 14.32 and a beta of 1.09. Piedmont Office Realty Trust, Inc. has a twelve month low of $4.91 and a twelve month high of $11.37.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 24th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 7.94%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 113.64%.

Piedmont Office Realty Trust Profile

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 major U.S. Sunbelt markets. Its approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2).