Signaturefd LLC Boosts Holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Signaturefd LLC grew its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,511 shares of the real estate investment trust’s stock after purchasing an additional 2,111 shares during the period. Signaturefd LLC’s holdings in Piedmont Office Realty Trust were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PDM. Wilsey Asset Management Inc. raised its stake in shares of Piedmont Office Realty Trust by 50.2% during the second quarter. Wilsey Asset Management Inc. now owns 3,899,800 shares of the real estate investment trust’s stock valued at $28,274,000 after purchasing an additional 1,302,681 shares during the period. Marshall Wace LLP increased its stake in shares of Piedmont Office Realty Trust by 7,041.3% in the second quarter. Marshall Wace LLP now owns 914,092 shares of the real estate investment trust’s stock worth $6,627,000 after buying an additional 901,292 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Piedmont Office Realty Trust by 694.5% in the first quarter. SG Americas Securities LLC now owns 590,715 shares of the real estate investment trust’s stock worth $4,153,000 after buying an additional 516,367 shares during the last quarter. Swedbank AB bought a new stake in shares of Piedmont Office Realty Trust in the first quarter worth $3,488,000. Finally, Vanguard Group Inc. increased its stake in shares of Piedmont Office Realty Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 19,219,805 shares of the real estate investment trust’s stock worth $135,115,000 after buying an additional 394,282 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $11.00 price target (up previously from $10.00) on shares of Piedmont Office Realty Trust in a report on Wednesday, August 14th. StockNews.com raised shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd.

Piedmont Office Realty Trust Trading Down 5.1 %

NYSE:PDM opened at $10.33 on Friday. The stock’s 50 day moving average price is $9.91 and its 200 day moving average price is $8.31. Piedmont Office Realty Trust, Inc. has a 52 week low of $4.91 and a 52 week high of $11.11. The company has a market capitalization of $1.28 billion, a P/E ratio of -15.42 and a beta of 1.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.40 and a current ratio of 2.40.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.45). Piedmont Office Realty Trust had a negative net margin of 14.24% and a negative return on equity of 4.84%. The company had revenue of $143.26 million for the quarter, compared to analyst estimates of $141.25 million. On average, research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.5 EPS for the current fiscal year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 22nd will be paid a $0.125 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.50 annualized dividend and a dividend yield of 4.84%. Piedmont Office Realty Trust’s payout ratio is -74.63%.

About Piedmont Office Realty Trust

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.