Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stake Trimmed by Bfsg LLC

Bfsg LLC lowered its stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,690 shares of the real estate investment trust’s stock after selling 2,140 shares during the quarter. Bfsg LLC’s holdings in Piedmont Office Realty Trust were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Piedmont Office Realty Trust by 0.9% in the 4th quarter. Rhumbline Advisers now owns 227,700 shares of the real estate investment trust’s stock worth $2,083,000 after purchasing an additional 1,954 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Piedmont Office Realty Trust by 3.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 195,038 shares of the real estate investment trust’s stock worth $1,718,000 after purchasing an additional 6,149 shares in the last quarter. Van ECK Associates Corp increased its stake in Piedmont Office Realty Trust by 23.1% in the 4th quarter. Van ECK Associates Corp now owns 30,299 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 5,687 shares in the last quarter. Wilsey Asset Management Inc. increased its stake in Piedmont Office Realty Trust by 2.0% in the 4th quarter. Wilsey Asset Management Inc. now owns 3,953,542 shares of the real estate investment trust’s stock worth $36,175,000 after purchasing an additional 77,220 shares in the last quarter. Finally, Choreo LLC increased its stake in Piedmont Office Realty Trust by 4.0% in the 4th quarter. Choreo LLC now owns 54,024 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 2,078 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Wall Street Analyst Weigh In

PDM has been the topic of a number of analyst reports. StockNews.com raised Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday. Baird R W cut Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird lowered Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research report on Thursday, January 16th.

Piedmont Office Realty Trust Stock Up 1.0 %

Shares of NYSE PDM opened at $7.39 on Wednesday. Piedmont Office Realty Trust, Inc. has a one year low of $5.93 and a one year high of $11.11. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.22 and a current ratio of 2.22. The business has a 50-day moving average price of $8.66 and a two-hundred day moving average price of $9.33.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Piedmont Office Realty Trust had a negative return on equity of 4.77% and a negative net margin of 13.86%. The firm had revenue of $143.23 million during the quarter, compared to analyst estimates of $142.16 million. As a group, equities analysts expect that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, February 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.77%. Piedmont Office Realty Trust’s dividend payout ratio is -79.37%.

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.