Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDMFree Report) by 48.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 87,071 shares of the real estate investment trust’s stock after selling 80,564 shares during the period. Jump Financial LLC owned approximately 0.07% of Piedmont Office Realty Trust worth $489,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Piedmont Office Realty Trust by 78.7% during the 1st quarter. Quarry LP now owns 3,871 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,705 shares during the period. Point72 Hong Kong Ltd lifted its holdings in Piedmont Office Realty Trust by 3,499.2% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,643 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 4,514 shares in the last quarter. CWM LLC lifted its holdings in Piedmont Office Realty Trust by 95.0% during the 2nd quarter. CWM LLC now owns 8,688 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 4,233 shares in the last quarter. Accel Wealth Management acquired a new stake in Piedmont Office Realty Trust during the 3rd quarter worth approximately $65,000. Finally, Mackenzie Financial Corp acquired a new stake in Piedmont Office Realty Trust during the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, December 22nd.

View Our Latest Stock Analysis on Piedmont Office Realty Trust

Piedmont Office Realty Trust Price Performance

Piedmont Office Realty Trust stock opened at $6.62 on Friday. Piedmont Office Realty Trust, Inc. has a 52-week low of $4.91 and a 52-week high of $10.66. The company’s 50 day moving average is $7.03 and its two-hundred day moving average is $6.45. The firm has a market cap of $818.96 million, a PE ratio of -16.55 and a beta of 1.17. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.16.

Piedmont Office Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 23rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.55%. Piedmont Office Realty Trust’s payout ratio is -125.00%.

About Piedmont Office Realty Trust

(Free Report)

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).

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

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