Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stock Holdings Lessened by Fmr LLC

FMR LLC lessened its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,622,156 shares of the real estate investment trust’s stock after selling 12,828 shares during the period. FMR LLC owned about 3.68% of Piedmont Office Realty Trust worth $96,372,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PDM. Quadrant Capital Group LLC acquired a new position in Piedmont Office Realty Trust during the first quarter worth approximately $25,000. Legacy Bridge LLC acquired a new position in Piedmont Office Realty Trust during the first quarter worth approximately $28,000. Quantamental Technologies LLC acquired a new position in Piedmont Office Realty Trust during the first quarter worth approximately $200,000. Virtu Financial LLC acquired a new position in Piedmont Office Realty Trust during the first quarter worth approximately $207,000. Finally, Rehmann Capital Advisory Group increased its position in Piedmont Office Realty Trust by 998.9% during the first quarter. Rehmann Capital Advisory Group now owns 10,110 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 9,190 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.00.

PDM stock traded down $0.31 on Friday, hitting $20.03. 626,562 shares of the company were exchanged, compared to its average volume of 671,949. Piedmont Office Realty Trust, Inc. has a twelve month low of $16.43 and a twelve month high of $21.40. The company has a fifty day simple moving average of $20.41. The firm has a market cap of $2.55 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.91 and a beta of 0.68. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.28 and a quick ratio of 2.28.

Piedmont Office Realty Trust (NYSE:PDM) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). Piedmont Office Realty Trust had a return on equity of 7.10% and a net margin of 23.19%. The business had revenue of $132.90 million during the quarter, compared to analyst estimates of $120.78 million. During the same period in the previous year, the company earned $0.43 EPS. Piedmont Office Realty Trust’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Piedmont Office Realty Trust, Inc. will post 1.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 31st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, May 30th. Piedmont Office Realty Trust’s payout ratio is currently 48.55%.

Piedmont Office Realty Trust Company Profile

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select sub-markets located primarily within eight major U.S. office markets. Its geographically-diversified, almost $5 billion portfolio is currently comprised of approximately 17 million square feet.

Further Reading: Support Level

Institutional Ownership by Quarter for Piedmont Office Realty Trust (NYSE:PDM)

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