Piedmont Office Realty Trust, Inc. (NYSE:PDM) Holdings Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,867 shares of the real estate investment trust’s stock after selling 6,947 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Piedmont Office Realty Trust were worth $1,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Piedmont Office Realty Trust by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 49,418 shares of the real estate investment trust’s stock worth $453,000 after acquiring an additional 970 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Piedmont Office Realty Trust by 0.5% during the 1st quarter. Invesco Ltd. now owns 296,221 shares of the real estate investment trust’s stock worth $5,101,000 after acquiring an additional 1,414 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Piedmont Office Realty Trust by 1.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 81,856 shares of the real estate investment trust’s stock worth $864,000 after acquiring an additional 1,497 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Piedmont Office Realty Trust by 1.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 110,448 shares of the real estate investment trust’s stock worth $1,974,000 after purchasing an additional 1,550 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Piedmont Office Realty Trust by 11.1% during the 2nd quarter. ProShare Advisors LLC now owns 16,072 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Piedmont Office Realty Trust Trading Down 2.0 %

Piedmont Office Realty Trust stock opened at $6.61 on Friday. The business has a 50 day moving average price of $6.50 and a two-hundred day moving average price of $6.38. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.19. The stock has a market cap of $818.29 million, a price-to-earnings ratio of -16.51 and a beta of 1.15. Piedmont Office Realty Trust, Inc. has a 12 month low of $4.91 and a 12 month high of $8.05.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.65). Piedmont Office Realty Trust had a negative net margin of 8.38% and a negative return on equity of 2.72%. The firm had revenue of $145.33 million during the quarter, compared to analyst estimates of $146.37 million. As a group, equities analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.51 EPS for the current year.

Piedmont Office Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.57%. Piedmont Office Realty Trust’s payout ratio is presently -125.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd.

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.