Jane Street Group LLC Purchases 29,139 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Jane Street Group LLC lifted its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,924 shares of the real estate investment trust’s stock after acquiring an additional 29,139 shares during the quarter. Jane Street Group LLC owned approximately 0.26% of Piedmont Office Realty Trust worth $3,221,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in Piedmont Office Realty Trust by 38.3% in the second quarter. Blue Trust Inc. now owns 4,654 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,288 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Piedmont Office Realty Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,809 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,241 shares in the last quarter. Optas LLC bought a new stake in Piedmont Office Realty Trust during the 3rd quarter worth about $101,000. Meeder Asset Management Inc. acquired a new stake in Piedmont Office Realty Trust in the 2nd quarter valued at about $76,000. Finally, Sei Investments Co. bought a new position in shares of Piedmont Office Realty Trust in the second quarter worth about $85,000. 84.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird raised their price target on shares of Piedmont Office Realty Trust from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Piedmont Office Realty Trust Price Performance

Shares of PDM stock opened at $8.76 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -14.13 and a beta of 1.20. Piedmont Office Realty Trust, Inc. has a 12 month low of $5.93 and a 12 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. The stock has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.03.

Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.46). Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. The business had revenue of $139.29 million for the quarter, compared to analyst estimates of $143.56 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Research analysts expect that Piedmont Office Realty Trust, Inc. will post 1.49 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently declared 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is currently -80.65%.

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.