2 weeks Ago By Defense World Staff
Xponance Inc. acquired a new position in Piedmont Office Realty Trust, Inc. (NYSE:PDM – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor acquired 10,430 shares of the real estate investment trust’s stock, valued at approximately $95,000. A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hudson Edge Investment Partners Inc.
boosted its holdings in Piedmont Office Realty Trust by 4.8% in the 4th quarter. Hudson Edge Investment Partners Inc.
now owns 25,550 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 1,180 shares during the period. Harbour Investments Inc. grew its position in shares of Piedmont Office Realty Trust by 25.
4% during the fourth quarter. Harbour Investments Inc. now owns 6,004 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,216 shares in the last quarter.
Metis Global Partners LLC lifted its holdings in 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 purchasing an additional 1,453 shares in the last quarter.
TD Private Client Wealth LLC lifted its holdings in Piedmont Office Realty Trust by 51.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,916 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,666 shares in the last quarter.
Finally, Quantinno Capital Management LP boosted its stake in Piedmont Office Realty Trust by 8.7% in the 3rd quarter. Quantinno Capital Management LP now owns 21,413 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 1,713 shares during the period.
84.48% of the stock is owned by hedge funds and other institutional investors. Piedmont Office Realty Trust Trading Down 1.
8 %PDM opened at $7.24 on Friday. Piedmont Office Realty Trust, Inc.
has a 12 month low of $6.27 and a 12 month high of $11.12.
The firm has a market cap of $900.09 million, a P/E ratio of -11.48 and a beta of 1.
25. The company has a current ratio of 2.10, a quick ratio of 2.
22 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average of $7.
75 and a 200 day moving average of $8.96. Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) last issued its earnings results on Thursday, February 13th.
The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37.
The firm had revenue of $143.23 million during the quarter, compared to analyst estimates of $142.16 million.
Piedmont Office Realty Trust had a negative net margin of 13.86% and a negative return on equity of 4.82%.
As a group, research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.41 EPS for the current year.
Piedmont Office Realty Trust Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 21st were paid a $0.125 dividend.
The ex-dividend date was Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 6.
91%. Piedmont Office Realty Trust’s dividend payout ratio (DPR) is currently -79.37%.
Analyst Upgrades and DowngradesSeveral equities analysts have recently commented on the stock. Baird R W downgraded 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 shares of Piedmont Office Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Truist Financial restated a “buy” rating and set a $10.00 price objective (down previously from $11.
00) on shares of Piedmont Office Realty Trust in a research report on Tuesday, February 25th. Finally, Robert W. Baird reduced their target price on Piedmont Office Realty Trust from $10.
00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, February 24th.Get Our Latest Report on Piedmont Office Realty TrustPiedmont 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.
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