Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDMGet Rating) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,103 shares of the real estate investment trust’s stock after selling 14,412 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.14% of Piedmont Office Realty Trust worth $1,796,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Cetera Advisor Networks LLC increased its stake in Piedmont Office Realty Trust by 4.7% in the second quarter. Cetera Advisor Networks LLC now owns 18,891 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 855 shares during the period. State of Alaska Department of Revenue increased its stake in Piedmont Office Realty Trust by 2.1% in the third quarter. State of Alaska Department of Revenue now owns 61,126 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 1,251 shares during the period. Invesco Ltd. increased its stake in Piedmont Office Realty Trust by 0.5% in the first quarter. Invesco Ltd. now owns 296,221 shares of the real estate investment trust’s stock valued at $5,101,000 after purchasing an additional 1,414 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Piedmont Office Realty Trust by 5.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,263 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,518 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Piedmont Office Realty Trust by 1.4% in the first quarter. Great West Life Assurance Co. Can now owns 110,448 shares of the real estate investment trust’s stock valued at $1,974,000 after purchasing an additional 1,550 shares during the period. 82.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 10th. JPMorgan Chase & Co. dropped their price target on shares of Piedmont Office Realty Trust from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, December 2nd.

Piedmont Office Realty Trust Trading Up 1.8 %

Shares of Piedmont Office Realty Trust stock opened at $9.29 on Friday. Piedmont Office Realty Trust, Inc. has a 52-week low of $8.72 and a 52-week high of $19.84. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.19. The company’s 50-day simple moving average is $9.72 and its 200-day simple moving average is $11.26. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 29.03 and a beta of 0.96.

Piedmont Office Realty Trust (NYSE:PDMGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.47). The company had revenue of $144.10 million for the quarter, compared to analysts’ expectations of $137.94 million. Piedmont Office Realty Trust had a return on equity of 2.19% and a net margin of 7.12%. As a group, equities research analysts anticipate that Piedmont Office Realty Trust, Inc. will post 2 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, November 25th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date was Wednesday, November 23rd. Piedmont Office Realty Trust’s dividend payout ratio is currently 262.51%.

About Piedmont Office Realty Trust

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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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