1 week Ago By Defense World Staff
Norges Bank purchased a new position in shares of Piedmont Office Realty Trust, Inc. ( NYSE:PDM – Free Report ) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 557,985 shares of the real estate investment trust’s stock, valued at approximately $5,106,000.
Norges Bank owned about 0.45% of Piedmont Office Realty Trust at the end of the most recent reporting period. A number of other institutional investors have also recently made changes to their positions in PDM.
Hudson Edge Investment Partners Inc. raised its holdings in Piedmont Office Realty Trust by 4.8% during the 4th quarter.
Hudson Edge Investment Partners Inc. now owns 25,550 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 1,180 shares during the last quarter. Harbour Investments Inc.
raised its position in Piedmont Office Realty Trust by 25.4% during the 4th quarter. Harbour Investments Inc.
now owns 6,004 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,216 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Piedmont Office Realty Trust by 11.4% in the 4th quarter.
Metis Global Partners LLC now owns 14,225 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,453 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Piedmont Office Realty Trust by 51.3% during the third quarter.
TD Private Client Wealth LLC now owns 4,916 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,666 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Piedmont Office Realty Trust by 8.7% during the third quarter.
Quantinno Capital Management LP now owns 21,413 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 1,713 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have issued reports on PDM shares. Robert W. Baird reduced their price objective on shares of Piedmont Office Realty Trust from $10.
00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Baird R W cut shares of Piedmont Office Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th.
StockNews.com upgraded Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Finally, Truist Financial restated a “buy” rating and issued a $10.
00 price objective (down from $11.00) on shares of Piedmont Office Realty Trust in a report on Tuesday, February 25th. Piedmont Office Realty Trust Trading Up 7.
4 % Piedmont Office Realty Trust stock opened at $6.57 on Thursday. The company has a debt-to-equity ratio of 1.
40, a current ratio of 2.10 and a quick ratio of 2.22.
The stock has a market cap of $817.36 million, a P/E ratio of -10.43 and a beta of 1.
21. The firm’s 50 day moving average price is $7.36 and its 200-day moving average price is $8.
75. Piedmont Office Realty Trust, Inc. has a 1 year low of $5.
81 and a 1 year high of $11.12. Piedmont Office Realty Trust ( NYSE:PDM – Get Free Report ) last announced its earnings results on Thursday, February 13th.
The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37.
Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.82%.
The firm had revenue of $143.23 million for the quarter, compared to analysts’ expectations of $142.16 million.
On average, equities analysts predict that Piedmont Office Realty Trust, Inc. will post 1.41 earnings per share for the current fiscal year.
Piedmont Office Realty Trust Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 21st were paid a dividend of $0.125 per share.
The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 7.
61%. Piedmont Office Realty Trust’s payout ratio is presently -79.37%.
Piedmont Office Realty Trust 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. Featured Articles Five stocks we like better than Piedmont Office Realty Trust Investing In Automotive Stocks Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore How to invest in marijuana stocks in 7 steps Are Tariffs Threatening Disney’s Comeback Story? Investing in Commodities: What Are They? How to Invest in Them Is Alphabet a Generational Buying Opportunity at These Levels? Receive News & Ratings for Piedmont Office Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Office Realty Trust and related companies with MarketBeat.
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