Quantinno Capital Management LP Purchases 1,713 Shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM)

Quantinno Capital Management LP increased its position in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM) by 8.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 21,413 shares of the real estate investment trust’s stock after purchasing an additional 1,713 shares during the period. Quantinno Capital Management LP’s holdings in Piedmont Office Realty Trust were worth $216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Piedmont Office Realty Trust by 16.7% during the 3rd quarter. SG Americas Securities LLC now owns 400,977 shares of the real estate investment trust’s stock worth $4,050,000 after purchasing an additional 57,347 shares during the last quarter. Creative Planning increased its position in Piedmont Office Realty Trust by 7.0% during the second quarter. Creative Planning now owns 53,425 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 3,496 shares during the last quarter. Marshall Wace LLP increased its position in Piedmont Office Realty Trust by 7,041.3% during the second quarter. Marshall Wace LLP now owns 914,092 shares of the real estate investment trust’s stock worth $6,627,000 after buying an additional 901,292 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Piedmont Office Realty Trust by 47.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,069,508 shares of the real estate investment trust’s stock valued at $10,802,000 after buying an additional 344,694 shares during the period. Finally, Martingale Asset Management L P lifted its position in shares of Piedmont Office Realty Trust by 519.5% in the third quarter. Martingale Asset Management L P now owns 102,996 shares of the real estate investment trust’s stock valued at $1,040,000 after buying an additional 86,371 shares during the last quarter. 84.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price target on Piedmont Office Realty Trust from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Piedmont Office Realty Trust Stock Performance

Shares of PDM stock opened at $9.37 on Tuesday. Piedmont Office Realty Trust, Inc. has a 52 week low of $5.93 and a 52 week high of $11.11. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -15.11 and a beta of 1.20. The company has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $9.02. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.22 and a current ratio of 2.22.

Piedmont Office Realty Trust (NYSE:PDM) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.46). The firm had revenue of $139.29 million for the quarter, compared to the consensus estimate of $143.56 million. Piedmont Office Realty Trust had a negative return on equity of 4.61% and a negative net margin of 13.47%. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, sell-side analysts predict that Piedmont Office Realty Trust, Inc. will post 1.49 earnings per share for the current year.

Piedmont Office Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.34%. The ex-dividend date is Friday, November 22nd. Piedmont Office Realty Trust’s payout ratio is -80.65%.

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.