Raymond James Financial Services Advisors Inc. Has $861,000 Stock Holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Raymond James Financial Services Advisors Inc. boosted its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 121,143 shares of the real estate investment trust’s stock after purchasing an additional 6,469 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Piedmont Office Realty Trust were worth $861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its position in Piedmont Office Realty Trust by 15.8% in the 4th quarter. SG Americas Securities LLC now owns 74,348 shares of the real estate investment trust’s stock valued at $529,000 after buying an additional 10,146 shares during the last quarter. Scharf Investments LLC acquired a new stake in Piedmont Office Realty Trust in the 4th quarter valued at approximately $94,000. Public Employees Retirement System of Ohio raised its position in Piedmont Office Realty Trust by 8.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 184,030 shares of the real estate investment trust’s stock valued at $1,034,000 after buying an additional 14,038 shares during the last quarter. Citigroup Inc. increased its position in shares of Piedmont Office Realty Trust by 21.0% during the 3rd quarter. Citigroup Inc. now owns 97,138 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 16,880 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Piedmont Office Realty Trust by 111.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,035,019 shares of the real estate investment trust’s stock worth $5,817,000 after purchasing an additional 546,165 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.

Piedmont Office Realty Trust Stock Down 1.1 %

NYSE:PDM opened at $6.53 on Tuesday. The firm has a market capitalization of $808.38 million, a price-to-earnings ratio of -16.31 and a beta of 1.15. Piedmont Office Realty Trust, Inc. has a twelve month low of $4.91 and a twelve month high of $8.05. The stock’s 50 day moving average price is $6.50 and its two-hundred day moving average price is $6.40. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.19.

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

Piedmont Office Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 7.66%. Piedmont Office Realty Trust’s dividend payout ratio is currently -125.00%.

Analyst Ratings Changes

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

Piedmont Office Realty Trust 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.