Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stock Holdings Boosted by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 226.3% in the 3rd quarter, Holdings Channel reports. The fund owned 15,184 shares of the real estate investment trust’s stock after buying an additional 10,530 shares during the period. Blue Trust Inc.’s holdings in Piedmont Office Realty Trust were worth $153,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PDM. Russell Investments Group Ltd. lifted its holdings in Piedmont Office Realty Trust by 164.8% in the first quarter. Russell Investments Group Ltd. now owns 272,302 shares of the real estate investment trust’s stock worth $1,914,000 after purchasing an additional 169,454 shares during the period. Nordea Investment Management AB lifted its holdings in Piedmont Office Realty Trust by 37.5% in the 1st quarter. Nordea Investment Management AB now owns 830,402 shares of the real estate investment trust’s stock valued at $5,755,000 after acquiring an additional 226,611 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Piedmont Office Realty Trust by 694.5% in the 1st quarter. SG Americas Securities LLC now owns 590,715 shares of the real estate investment trust’s stock valued at $4,153,000 after acquiring an additional 516,367 shares during the last quarter. Swedbank AB acquired a new stake in Piedmont Office Realty Trust in the 1st quarter valued at about $3,488,000. Finally, Vanguard Group Inc. lifted its holdings in Piedmont Office Realty Trust by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 19,219,805 shares of the real estate investment trust’s stock valued at $135,115,000 after acquiring an additional 394,282 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

Piedmont Office Realty Trust Price Performance

NYSE PDM opened at $10.33 on Monday. The stock’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $8.32. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.34. The company has a market cap of $1.28 billion, a PE ratio of -15.42 and a beta of 1.22. Piedmont Office Realty Trust, Inc. has a 1 year low of $4.91 and a 1 year high of $11.11.

Piedmont Office Realty Trust (NYSE:PDM) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.45). The company had revenue of $143.26 million for the quarter, compared to analyst estimates of $141.25 million. Piedmont Office Realty Trust had a negative return on equity of 4.84% and a negative net margin of 14.24%. On average, analysts predict that Piedmont Office Realty Trust, Inc. will post 1.5 EPS for the current year.

Piedmont Office Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 22nd will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, November 22nd. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is -74.63%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Truist Financial restated a “buy” rating and set a $11.00 price objective (up previously from $10.00) on shares of Piedmont Office Realty Trust in a report on Wednesday, August 14th.

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.