Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in Piedmont Office Realty Trust, Inc. (NYSE:PDMGet Rating) by 11.0% 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 43,910 shares of the real estate investment trust’s stock after selling 5,409 shares during the period. Nisa Investment Advisors LLC’s holdings in Piedmont Office Realty Trust were worth $756,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PDM. Riverview Trust Co purchased a new stake in Piedmont Office Realty Trust in the first quarter valued at approximately $25,000. Rise Advisors LLC purchased a new stake in Piedmont Office Realty Trust in the fourth quarter valued at approximately $29,000. CWM LLC purchased a new stake in Piedmont Office Realty Trust in the fourth quarter valued at approximately $79,000. Widmann Financial Services Inc. purchased a new stake in Piedmont Office Realty Trust in the fourth quarter valued at approximately $83,000. Finally, Allegheny Financial Group LTD purchased a new stake in Piedmont Office Realty Trust in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 82.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PDM shares. Truist Financial decreased their price objective on shares of Piedmont Office Realty Trust from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. StockNews.com downgraded shares of Piedmont Office Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th.

Piedmont Office Realty Trust Stock Up 0.7 %

Piedmont Office Realty Trust stock opened at $13.40 on Monday. The company has a 50-day simple moving average of $13.70 and a 200-day simple moving average of $15.86. The firm has a market capitalization of $1.65 billion, a P/E ratio of 33.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.11 and a current ratio of 2.11. Piedmont Office Realty Trust, Inc. has a one year low of $12.38 and a one year high of $19.84.

Piedmont Office Realty Trust (NYSE:PDMGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.49 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.02). The firm had revenue of $136.15 million for the quarter, compared to the consensus estimate of $135.88 million. Piedmont Office Realty Trust had a return on equity of 2.69% and a net margin of 9.24%. As a group, equities analysts expect that Piedmont Office Realty Trust, Inc. will post 2.03 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, May 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.84 annualized dividend and a dividend yield of 6.27%. Piedmont Office Realty Trust’s dividend payout ratio is currently 210.00%.

Insider Transactions at Piedmont Office Realty Trust

In related news, CAO Laura P. Moon sold 7,627 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $16.09, for a total value of $122,718.43. Following the completion of the transaction, the chief accounting officer now owns 47,001 shares in the company, valued at approximately $756,246.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Glenn Gary Cohen bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average price of $16.15 per share, for a total transaction of $80,750.00. Following the transaction, the director now directly owns 22,408 shares of the company’s stock, valued at approximately $361,889.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Laura P. Moon sold 7,627 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $16.09, for a total transaction of $122,718.43. Following the completion of the transaction, the chief accounting officer now owns 47,001 shares of the company’s stock, valued at approximately $756,246.09. The disclosure for this sale can be found here. Insiders own 1.13% of the company’s stock.

Piedmont Office Realty Trust Company Profile

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

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