Dale H. Taysom Buys 1,000 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stock

Piedmont Office Realty Trust, Inc. (NYSE:PDMGet Rating) Director Dale H. Taysom bought 1,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was bought at an average cost of $15.23 per share, for a total transaction of $15,230.00. Following the purchase, the director now directly owns 33,594 shares of the company’s stock, valued at approximately $511,636.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of PDM opened at $15.09 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.91. Piedmont Office Realty Trust, Inc. has a 1 year low of $15.01 and a 1 year high of $20.35. The stock has a market cap of $1.86 billion, a P/E ratio of 37.73 and a beta of 0.94. The stock’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $17.61.

Piedmont Office Realty Trust (NYSE:PDMGet Rating) last released its quarterly earnings data on Monday, February 7th. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.76). Piedmont Office Realty Trust had a net margin of 9.24% and a return on equity of 2.69%. The business had revenue of $138.16 million for the quarter, compared to the consensus estimate of $135.05 million. As a group, equities analysts forecast that Piedmont Office Realty Trust, Inc. will post 2.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Friday, May 27th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, May 26th. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is presently 210.00%.

A number of equities analysts have issued reports on PDM shares. Zacks Investment Research cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. StockNews.com cut Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday.

Several large investors have recently added to or reduced their stakes in PDM. Riverview Trust Co bought a new position in shares of Piedmont Office Realty Trust during the 1st quarter valued at about $25,000. Rise Advisors LLC bought a new position in shares of Piedmont Office Realty Trust during the 4th quarter valued at about $29,000. Prospera Financial Services Inc bought a new position in shares of Piedmont Office Realty Trust during the 1st quarter valued at about $29,000. Zullo Investment Group Inc. bought a new position in shares of Piedmont Office Realty Trust during the 4th quarter valued at about $45,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Piedmont Office Realty Trust during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 82.61% of the company’s stock.

About Piedmont Office Realty Trust (Get Rating)

Piedmont Office Realty Trust, Inc (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt.

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