Nisa Investment Advisors LLC Has $1.38 Million Position in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Nisa Investment Advisors LLC lowered its holdings in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,903 shares of the real estate investment trust’s stock after selling 3,409 shares during the period. Nisa Investment Advisors LLC owned about 0.12% of Piedmont Office Realty Trust worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Piedmont Office Realty Trust by 1.5% during the third quarter. Geode Capital Management LLC now owns 3,217,213 shares of the real estate investment trust’s stock worth $32,499,000 after buying an additional 48,944 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Piedmont Office Realty Trust by 0.9% during the second 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 acquiring an additional 14,831 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Piedmont Office Realty Trust by 45.3% during the third quarter. JPMorgan Chase & Co. now owns 1,534,770 shares of the real estate investment trust’s stock valued at $15,501,000 after acquiring an additional 478,560 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Piedmont Office Realty Trust by 4.3% during the third 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 acquiring an additional 47,783 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Piedmont Office Realty Trust by 47.6% during the third 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 acquiring an additional 344,694 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Baird R W cut Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Robert W. Baird cut Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Thursday, January 16th. Finally, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 20th.

Piedmont Office Realty Trust Stock Performance

Piedmont Office Realty Trust stock opened at $8.83 on Tuesday. The stock has a 50-day simple moving average of $9.05 and a 200 day simple moving average of $9.35. The company has a quick ratio of 2.22, a current 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 stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -14.24 and a beta of 1.19.

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.