Orion Portfolio Solutions LLC Has $640,000 Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Orion Portfolio Solutions LLC lessened its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,408 shares of the real estate investment trust’s stock after selling 1,645 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.05% of Piedmont Office Realty Trust worth $640,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Piedmont Office Realty Trust by 7,041.3% in the 2nd quarter. Marshall Wace LLP now owns 914,092 shares of the real estate investment trust’s stock valued at $6,627,000 after buying an additional 901,292 shares in the last quarter. Brookfield Corp ON acquired a new position in Piedmont Office Realty Trust in the third quarter valued at about $7,123,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Piedmont Office Realty Trust by 358.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,991 shares of the real estate investment trust’s stock worth $9,050,000 after acquiring an additional 700,616 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Piedmont Office Realty Trust by 47.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,069,508 shares of the real estate investment trust’s stock worth $10,802,000 after acquiring an additional 344,694 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Piedmont Office Realty Trust during the third quarter worth about $1,812,000. 84.48% of the stock is currently owned by institutional investors and hedge funds.

Piedmont Office Realty Trust Trading Up 0.1 %

PDM opened at $9.37 on Tuesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of -15.11 and a beta of 1.20. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36. Piedmont Office Realty Trust, Inc. has a 12 month low of $5.93 and a 12 month high of $11.11. The firm’s fifty day simple moving average is $9.87 and its 200 day simple moving average is $9.02.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.46). The firm had revenue of $139.29 million during the quarter, compared to analyst estimates of $143.56 million. Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. During the same period in the prior year, the business earned $0.43 EPS. As a group, research analysts anticipate that Piedmont Office Realty Trust, Inc. will post 1.49 EPS for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Friday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is currently -80.65%.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on Piedmont Office Realty Trust from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

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.