Orion Portfolio Solutions LLC Reduces Holdings in Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Orion Portfolio Solutions LLC lowered its stake in Piedmont Office Realty Trust, Inc. (NYSE:PDMFree Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,881 shares of the real estate investment trust’s stock after selling 5,666 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.05% of Piedmont Office Realty Trust worth $472,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC acquired a new position in shares of Piedmont Office Realty Trust in the third quarter worth $60,000. Sigma Planning Corp purchased a new position in Piedmont Office Realty Trust in the 4th quarter valued at about $71,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Piedmont Office Realty Trust during the 3rd quarter worth about $89,000. Van ECK Associates Corp grew its holdings in shares of Piedmont Office Realty Trust by 20.3% during the third quarter. Van ECK Associates Corp now owns 16,671 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 2,808 shares in the last quarter. Finally, Scharf Investments LLC purchased a new stake in shares of Piedmont Office Realty Trust during the fourth quarter worth about $94,000. Institutional investors and hedge funds own 84.48% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday.

View Our Latest Research Report on PDM

Piedmont Office Realty Trust Price Performance

Shares of NYSE:PDM opened at $7.12 on Friday. The company has a market cap of $882.10 million, a P/E ratio of -11.67 and a beta of 1.19. The business has a fifty day simple moving average of $6.91 and a 200-day simple moving average of $6.78. Piedmont Office Realty Trust, Inc. has a 52 week low of $4.91 and a 52 week high of $8.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23.

Piedmont Office Realty Trust (NYSE:PDMGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.61). Piedmont Office Realty Trust had a negative return on equity of 4.29% and a negative net margin of 12.90%. The business had revenue of $144.54 million during the quarter, compared to analyst estimates of $143.41 million. Equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.5 EPS for the current year.

Piedmont Office Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.02%. The ex-dividend date is Thursday, May 23rd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is -81.97%.

Piedmont Office Realty Trust Company Profile

(Free Report)

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.

Further Reading

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

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