Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,038 shares of the real estate investment trust’s stock after buying an additional 6,149 shares during the quarter. Asset Management One Co. Ltd. owned 0.16% of Piedmont Office Realty Trust worth $1,718,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PDM. Barclays PLC lifted its stake in Piedmont Office Realty Trust by 88.7% in the 3rd quarter. Barclays PLC now owns 237,407 shares of the real estate investment trust’s stock worth $2,398,000 after acquiring an additional 111,596 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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. Franklin Resources Inc. boosted its holdings in Piedmont Office Realty Trust by 72.5% during the third quarter. Franklin Resources Inc. now owns 148,046 shares of the real estate investment trust’s stock valued at $1,519,000 after acquiring an additional 62,233 shares during the period. Choreo LLC raised its position in shares of Piedmont Office Realty Trust by 4.0% during the fourth quarter. Choreo LLC now owns 54,024 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 2,078 shares during the last quarter. Finally, Creative Planning raised its position in shares of Piedmont Office Realty Trust by 12.3% during the third quarter. Creative Planning now owns 60,002 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 6,577 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Baird R W lowered shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th. StockNews.com raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Robert W. Baird cut shares of Piedmont Office Realty Trust from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 16th.

Piedmont Office Realty Trust Trading Up 0.7 %

Shares of NYSE PDM opened at $7.43 on Thursday. The company’s fifty day moving average is $8.62 and its 200-day moving average is $9.32. The stock has a market cap of $921.82 million, a price-to-earnings ratio of -11.80 and a beta of 1.19. Piedmont Office Realty Trust, Inc. has a twelve month low of $5.93 and a twelve month high of $11.11. 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 (NYSE:PDM) last issued 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 net margin of 13.86% and a negative return on equity of 4.77%. The business had revenue of $143.23 million for the quarter, compared to analyst estimates of $142.16 million. Equities research analysts predict that Piedmont Office Realty Trust, Inc. will post 1.41 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 21st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 6.73%. Piedmont Office Realty Trust’s payout ratio is currently -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.