Sigma Planning Corp Acquires Shares of 10,000 Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Sigma Planning Corp bought a new stake in Piedmont Office Realty Trust, Inc. (NYSE:PDM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $71,000.

A number of other institutional investors have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new stake in Piedmont Office Realty Trust in the 3rd quarter valued at about $60,000. Scharf Investments LLC bought a new stake in shares of Piedmont Office Realty Trust in the fourth quarter valued at approximately $94,000. Mackenzie Financial Corp bought a new position in Piedmont Office Realty Trust in the 3rd quarter worth approximately $74,000. Sherbrooke Park Advisers LLC bought a new position in Piedmont Office Realty Trust in the 3rd quarter worth approximately $89,000. Finally, Allworth Financial LP grew its stake in Piedmont Office Realty Trust by 13.3% in the 4th quarter. Allworth Financial LP now owns 15,992 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Piedmont Office Realty Trust Trading Up 3.5 %

PDM stock opened at $6.95 on Tuesday. Piedmont Office Realty Trust, Inc. has a twelve month low of $4.91 and a twelve month high of $8.05. 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 50-day simple moving average of $6.51 and a two-hundred day simple moving average of $6.50.

Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $146.37 million. As a group, sell-side analysts predict that Piedmont Office Realty Trust, Inc. will post 1.51 EPS for the current year.

Piedmont Office Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.20%. The ex-dividend date is Thursday, May 23rd. Piedmont Office Realty Trust’s dividend payout ratio is -125.00%.

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.