Piedmont Office Realty Trust, Inc. (NYSE:PDM) Holdings Lifted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 1,756.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,890 shares of the real estate investment trust’s stock after acquiring an additional 7,465 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Piedmont Office Realty Trust were worth $146,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PDM. BlackRock Inc. boosted its holdings in Piedmont Office Realty Trust by 2.7% during the first quarter. BlackRock Inc. now owns 12,777,724 shares of the real estate investment trust’s stock worth $221,950,000 after buying an additional 332,263 shares in the last quarter. Cbre Clarion Securities LLC boosted its holdings in Piedmont Office Realty Trust by 8.0% during the first quarter. Cbre Clarion Securities LLC now owns 3,810,734 shares of the real estate investment trust’s stock worth $66,192,000 after buying an additional 281,998 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Piedmont Office Realty Trust by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,592,113 shares of the real estate investment trust’s stock worth $42,070,000 after buying an additional 59,943 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Piedmont Office Realty Trust by 2.1% during the first quarter. Geode Capital Management LLC now owns 2,333,830 shares of the real estate investment trust’s stock worth $40,538,000 after buying an additional 47,253 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Piedmont Office Realty Trust by 64.8% during the first quarter. Prudential Financial Inc. now owns 1,267,565 shares of the real estate investment trust’s stock worth $22,017,000 after buying an additional 498,187 shares in the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.

Several brokerages recently commented on PDM. Zacks Investment Research downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 31st. TheStreet downgraded shares of Piedmont Office Realty Trust from a “b-” rating to a “c+” rating in a research report on Friday, July 30th.

In other Piedmont Office Realty Trust news, insider Christopher Brent Smith purchased 2,800 shares of the company’s stock in a transaction dated Friday, September 3rd. The shares were bought at an average price of $17.63 per share, for a total transaction of $49,364.00. Following the purchase, the insider now directly owns 136,378 shares in the company, valued at approximately $2,404,344.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.

PDM stock opened at $17.14 on Tuesday. Piedmont Office Realty Trust, Inc. has a 12-month low of $11.26 and a 12-month high of $20.35. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.89. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 41.81 and a beta of 1.04. The company has a 50 day moving average of $18.26 and a two-hundred day moving average of $18.38.

Piedmont Office Realty Trust (NYSE:PDM) last released its earnings results on Wednesday, July 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Piedmont Office Realty Trust had a net margin of 9.73% and a return on equity of 2.68%. The company had revenue of $130.22 million during the quarter, compared to the consensus estimate of $127.57 million. On average, research analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, August 27th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, August 26th. This represents a $0.84 annualized dividend and a dividend yield of 4.90%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is 44.44%.

Piedmont Office Realty Trust Profile

Piedmont Office Realty Trust, Inc engages in the owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. . Its activities include acquisition, investment, development, management, disposing, and ownership of commercial real estate properties throughout the United States.

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

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