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

Caxton Associates LP lowered its stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 18.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,809 shares of the real estate investment trust’s stock after selling 53,571 shares during the period. Caxton Associates LP owned approximately 0.20% of Piedmont Office Realty Trust worth $1,707,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Bfsg LLC increased its holdings in shares of Piedmont Office Realty Trust by 5.6% in the fourth quarter. Bfsg LLC now owns 32,110 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 1,690 shares during the period. ProShare Advisors LLC grew its stake in shares of Piedmont Office Realty Trust by 8.5% in the first quarter. ProShare Advisors LLC now owns 22,203 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 1,748 shares during the last quarter. Allworth Financial LP grew its stake in shares of Piedmont Office Realty Trust by 13.3% in the fourth quarter. Allworth Financial LP now owns 15,992 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,880 shares during the last quarter. Camelot Portfolios LLC grew its stake in shares of Piedmont Office Realty Trust by 4.0% in the fourth quarter. Camelot Portfolios LLC now owns 52,500 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Presima Securities ULC grew its stake in shares of Piedmont Office Realty Trust by 5.5% in the fourth quarter. Presima Securities ULC now owns 42,144 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Piedmont Office Realty Trust Price Performance

Shares of NYSE PDM traded up $0.02 during trading hours on Tuesday, hitting $8.60. The company’s stock had a trading volume of 125,922 shares, compared to its average volume of 902,110. The business has a 50-day simple moving average of $7.48 and a 200-day simple moving average of $6.98. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. Piedmont Office Realty Trust, Inc. has a 12 month low of $4.91 and a 12 month high of $8.78.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.61). The firm had revenue of $144.54 million for the quarter, compared to the consensus estimate of $143.41 million. Piedmont Office Realty Trust had a negative net margin of 12.90% and a negative return on equity of 4.29%. On average, analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.5 earnings per share for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.125 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.50 annualized dividend and a yield of 5.81%. Piedmont Office Realty Trust’s payout ratio is -81.97%.

Analyst Ratings Changes

Separately, StockNews.com raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd.

Piedmont Office Realty Trust Company 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.