10,430 Shares in Piedmont Office Realty Trust, Inc. (NYSE:PDM) Acquired by Xponance Inc.

Xponance Inc. bought a new position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,430 shares of the real estate investment trust’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. TD Private Client Wealth LLC raised its position in shares of Piedmont Office Realty Trust by 51.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,916 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,666 shares in the last quarter. Harbour Investments Inc. raised its holdings in Piedmont Office Realty Trust by 25.4% in the fourth quarter. Harbour Investments Inc. now owns 6,004 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,216 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Piedmont Office Realty Trust during the fourth quarter valued at about $105,000. Cibc World Markets Corp purchased a new stake in shares of Piedmont Office Realty Trust during the fourth quarter valued at about $106,000. Finally, Inceptionr LLC bought a new stake in shares of Piedmont Office Realty Trust in the 4th quarter valued at about $117,000. Institutional investors own 84.48% of the company’s stock.

Piedmont Office Realty Trust Stock Down 1.8 %

PDM stock opened at $7.24 on Friday. The company has a market capitalization of $900.09 million, a P/E ratio of -11.48 and a beta of 1.25. Piedmont Office Realty Trust, Inc. has a 12 month low of $6.27 and a 12 month high of $11.12. The firm’s fifty day simple moving average is $7.75 and its 200-day simple moving average is $8.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.10 and a quick ratio of 2.22.

Piedmont Office Realty Trust (NYSE:PDM) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $143.23 million for the quarter, compared to the consensus estimate of $142.16 million. Piedmont Office Realty Trust had a negative return on equity of 4.82% and a negative net margin of 13.86%. As a group, equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Friday, February 21st. Piedmont Office Realty Trust’s dividend payout ratio is currently -79.37%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of Piedmont Office Realty Trust from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Truist Financial restated a “buy” rating and set a $10.00 target price (down from $11.00) on shares of Piedmont Office Realty Trust in a research note on Tuesday, February 25th. Finally, 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.

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.