Nisa Investment Advisors LLC Acquires 106,574 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Nisa Investment Advisors LLC raised its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 196.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,937 shares of the real estate investment trust’s stock after acquiring an additional 106,574 shares during the period. Nisa Investment Advisors LLC owned about 0.13% of Piedmont Office Realty Trust worth $1,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PDM. BlackRock Inc. grew its position in Piedmont Office Realty Trust by 15.6% in the first quarter. BlackRock Inc. now owns 14,932,978 shares of the real estate investment trust’s stock valued at $109,011,000 after acquiring an additional 2,020,595 shares during the last quarter. Norges Bank bought a new stake in shares of Piedmont Office Realty Trust during the fourth quarter worth about $16,164,000. Millennium Management LLC grew its holdings in shares of Piedmont Office Realty Trust by 390.9% during the fourth quarter. Millennium Management LLC now owns 1,887,225 shares of the real estate investment trust’s stock worth $17,306,000 after purchasing an additional 1,502,757 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of Piedmont Office Realty Trust by 25.7% during the third quarter. Private Management Group Inc. now owns 4,468,246 shares of the real estate investment trust’s stock worth $25,112,000 after purchasing an additional 913,747 shares during the last quarter. Finally, Wilsey Asset Management Inc. grew its holdings in shares of Piedmont Office Realty Trust by 80.5% during the third quarter. Wilsey Asset Management Inc. now owns 1,817,333 shares of the real estate investment trust’s stock worth $10,213,000 after purchasing an additional 810,728 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Piedmont Office Realty Trust Stock Performance

NYSE:PDM opened at $6.53 on Tuesday. The stock has a market cap of $808.38 million, a P/E ratio of -16.31 and a beta of 1.15. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.19. The stock’s 50-day moving average is $6.50 and its 200-day moving average is $6.40. Piedmont Office Realty Trust, Inc. has a 1-year low of $4.91 and a 1-year high of $8.05.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.65). Piedmont Office Realty Trust had a negative return on equity of 2.72% and a negative net margin of 8.38%. The firm had revenue of $145.33 million for the quarter, compared to the consensus estimate of $146.37 million. Equities research analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.51 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.66%. The ex-dividend date was Thursday, February 22nd. Piedmont Office Realty Trust’s payout ratio is presently -125.00%.

Piedmont Office Realty Trust Profile

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.