Piedmont Office Realty Trust, Inc. (NYSE:PDM) is Wilsey Asset Management Inc.'s 6th Largest Position

Wilsey Asset Management Inc. raised its position in Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,953,542 shares of the real estate investment trust's stock after buying an additional 77,220 shares during the quarter. Piedmont Office Realty Trust makes up approximately 6.7% of Wilsey Asset Management Inc.'s portfolio, making the stock its 6th biggest position. Wilsey Asset Management Inc. owned approximately 3.19% of Piedmont Office Realty Trust worth $36,175,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Piedmont Office Realty Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,809 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 1,241 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Piedmont Office Realty Trust by 51.3% in 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 purchasing an additional 1,666 shares during the period. Optas LLC acquired a new position in shares of Piedmont Office Realty Trust in the third quarter valued at approximately $101,000. Arkadios Wealth Advisors purchased a new stake in shares of Piedmont Office Realty Trust during the fourth quarter worth approximately $105,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Piedmont Office Realty Trust during the third quarter worth $123,000. 84.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird downgraded shares of Piedmont Office Realty Trust from an "outperform" rating to a "neutral" rating and set a $11.00 price objective for the company. in a research report on Thursday, January 16th. 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. Finally, StockNews.com lowered Piedmont Office Realty Trust from a "hold" rating to a "sell" rating in a report on Monday, January 20th.

Piedmont Office Realty Trust Price Performance

Piedmont Office Realty Trust stock traded down $0.02 during midday trading on Thursday, reaching $8.01. The company's stock had a trading volume of 800,056 shares, compared to its average volume of 617,502. The firm has a market capitalization of $992.62 million, a PE ratio of -12.91 and a beta of 1.19. Piedmont Office Realty Trust, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $11.11. The stock's 50 day simple moving average is $8.78 and its 200 day simple moving average is $9.35. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Piedmont Office Realty Trust had a negative net margin of 13.47% and a negative return on equity of 4.61%. On average, equities research analysts forecast that Piedmont Office Realty Trust, Inc. will post 1.49 earnings per share for the current year.

Piedmont Office Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, February 21st. Piedmont Office Realty Trust's dividend payout ratio (DPR) is -80.64%.

About Piedmont Office Realty Trust

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.