Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 51.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,916 shares of the real estate investment trust’s stock after purchasing an additional 1,666 shares during the period. TD Private Client Wealth LLC’s holdings in Piedmont Office Realty Trust were worth $50,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Piedmont Office Realty Trust by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,217,213 shares of the real estate investment trust’s stock worth $32,499,000 after purchasing an additional 48,944 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Piedmont Office Realty Trust by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,719,641 shares of the real estate investment trust’s stock valued at $12,467,000 after buying an additional 14,831 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Piedmont Office Realty Trust by 4.3% during the 3rd quarter. Systematic Financial Management LP now owns 1,162,619 shares of the real estate investment trust’s stock valued at $11,742,000 after buying an additional 47,783 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Piedmont Office Realty Trust by 47.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,069,508 shares of the real estate investment trust’s stock valued at $10,802,000 after buying an additional 344,694 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Piedmont Office Realty Trust by 7,041.3% during 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. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird increased their target price 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 Trading Up 0.1 %

Shares of NYSE:PDM opened at $9.37 on Tuesday. The business’s 50 day moving average price is $9.87 and its 200-day moving average price is $9.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -15.11 and a beta of 1.20. Piedmont Office Realty Trust, Inc. has a 1 year low of $5.93 and a 1 year high of $11.11.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.46). The firm had revenue of $139.29 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.43 EPS. On average, equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.49 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 Thursday, January 2nd. Shareholders of record on Friday, November 22nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 5.34%. Piedmont Office Realty Trust’s payout ratio is currently -80.65%.

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.