Strs Ohio Sells 153,900 Shares of Piedmont Realty Trust, Inc. $PDM

Strs Ohio reduced its stake in Piedmont Realty Trust, Inc. (NYSE:PDM) by 86.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,200 shares of the real estate investment trust’s stock after selling 153,900 shares during the period. Strs Ohio’s holdings in Piedmont Realty Trust were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PDM. Ameriprise Financial Inc. boosted its holdings in shares of Piedmont Realty Trust by 368.8% in the second quarter. Ameriprise Financial Inc. now owns 2,046,431 shares of the real estate investment trust’s stock valued at $14,262,000 after purchasing an additional 1,609,919 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Piedmont Realty Trust by 710.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,201,555 shares of the real estate investment trust’s stock valued at $8,759,000 after purchasing an additional 1,053,256 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in shares of Piedmont Realty Trust by 34.9% in the 2nd quarter. Hudson Bay Capital Management LP now owns 3,013,575 shares of the real estate investment trust’s stock worth $21,969,000 after buying an additional 780,050 shares during the period. Wolverine Asset Management LLC grew its position in shares of Piedmont Realty Trust by 6,504.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 433,094 shares of the real estate investment trust’s stock worth $3,157,000 after buying an additional 426,536 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Piedmont Realty Trust by 101.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 834,157 shares of the real estate investment trust’s stock worth $6,081,000 after buying an additional 421,095 shares in the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

Piedmont Realty Trust Stock Performance

Shares of Piedmont Realty Trust stock opened at $8.41 on Tuesday. The company has a market capitalization of $1.05 billion, a PE ratio of -14.75 and a beta of 1.26. The company has a 50-day simple moving average of $8.43 and a two-hundred day simple moving average of $8.30. Piedmont Realty Trust, Inc. has a one year low of $5.46 and a one year high of $9.19. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.67 and a current ratio of 1.67.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Piedmont Realty Trust in a research note on Thursday, January 22nd. Truist Financial boosted their price target on shares of Piedmont Realty Trust from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

Piedmont Realty Trust Company Profile

Piedmont Realty Trust is a real estate investment trust (REIT) headquartered in Atlanta, Georgia, that focuses on the ownership, acquisition and management of office properties. The company’s portfolio comprises a mix of multi-tenant and single-tenant buildings, with a particular emphasis on small- to mid-size office campuses and urban infill properties. Piedmont Realty Trust structures its leases and property services to support a diversified base of tenants, including professional services firms, government agencies and technology companies.

The company’s operating model combines property management, leasing and strategic capital allocation to enhance asset value and drive income stability.