Caxton Associates LP Takes Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Caxton Associates LP acquired a new stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,336 shares of the real estate investment trust’s stock, valued at approximately $405,000.

Several other large investors also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Piedmont Office Realty Trust by 44.0% during the 1st quarter. First Trust Advisors LP now owns 107,580 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 32,856 shares in the last quarter. Rhumbline Advisers increased its stake in Piedmont Office Realty Trust by 1.9% during the 4th quarter. Rhumbline Advisers now owns 251,692 shares of the real estate investment trust’s stock valued at $4,085,000 after purchasing an additional 4,578 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Piedmont Office Realty Trust during the 4th quarter valued at $188,000. Mercer Global Advisors Inc. ADV increased its stake in Piedmont Office Realty Trust by 10.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,863 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Credit Suisse AG increased its stake in Piedmont Office Realty Trust by 27.7% during the 4th quarter. Credit Suisse AG now owns 254,952 shares of the real estate investment trust’s stock valued at $4,138,000 after purchasing an additional 55,241 shares in the last quarter. Institutional investors own 81.94% of the company’s stock.

Shares of PDM stock opened at $19.40 on Thursday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 10.03 and a beta of 1.04. The company’s fifty day simple moving average is $18.95. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.88. Piedmont Office Realty Trust, Inc. has a 12 month low of $11.26 and a 12 month high of $20.35.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Wednesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.39). The business had revenue of $129.30 million for the quarter, compared to the consensus estimate of $130.86 million. Piedmont Office Realty Trust had a net margin of 44.26% and a return on equity of 12.18%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. Research analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Friday, May 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, May 27th. Piedmont Office Realty Trust’s dividend payout ratio is 44.44%.

About Piedmont Office Realty Trust

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 select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.

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

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