Capital Investment Advisors LLC Sells 12,000 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Capital Investment Advisors LLC cut its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDMFree Report) by 48.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,700 shares of the real estate investment trust’s stock after selling 12,000 shares during the quarter. Capital Investment Advisors LLC’s holdings in Piedmont Office Realty Trust were worth $90,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quarry LP grew its position in 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 acquiring an additional 1,705 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Piedmont Office Realty Trust in the 3rd quarter worth approximately $60,000. Point72 Hong Kong Ltd lifted its stake in shares of Piedmont Office Realty Trust by 3,499.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 4,643 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 4,514 shares during the period. Accel Wealth Management purchased a new position in shares of Piedmont Office Realty Trust in the 3rd quarter valued at approximately $65,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Piedmont Office Realty Trust in the 3rd quarter valued at approximately $74,000. 84.72% of the stock is currently owned by institutional investors.

Piedmont Office Realty Trust Trading Down 0.6 %

PDM opened at $6.28 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.49 and a current ratio of 1.49. The business has a 50 day moving average of $6.70 and a 200-day moving average of $6.35. Piedmont Office Realty Trust, Inc. has a 52 week low of $4.91 and a 52 week high of $8.05.

Piedmont Office Realty Trust (NYSE:PDMGet Free Report) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.65). The firm had revenue of $145.33 million during the quarter, compared to analysts’ expectations of $146.37 million. Piedmont Office Realty Trust had a negative net margin of 8.38% and a negative return on equity of 2.72%. As a group, research analysts predict that Piedmont Office Realty Trust, Inc. will post 1.51 earnings per share for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date was Thursday, February 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently -125.00%.

Analysts Set New Price Targets

Separately, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd.

Get Our Latest Report on PDM

Piedmont Office Realty Trust Company Profile

(Free Report)

Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (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. 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 Standard & Poor's and Moody's.

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

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