Piedmont Office Realty Trust, Inc. (NYSE:PDM) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Piedmont Office Realty Trust, Inc. (NYSE:PDM - Free Report) by 88.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 237,407 shares of the real estate investment trust's stock after buying an additional 111,596 shares during the quarter. Barclays PLC owned approximately 0.19% of Piedmont Office Realty Trust worth $2,398,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP increased its holdings in shares of Piedmont Office Realty Trust by 7,041.3% in the 2nd quarter. Marshall Wace LLP now owns 914,092 shares of the real estate investment trust's stock valued at $6,627,000 after acquiring an additional 901,292 shares during the last quarter. Brookfield Corp ON purchased a new position in Piedmont Office Realty Trust in the third quarter valued at approximately $7,123,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Piedmont Office Realty Trust by 358.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,991 shares of the real estate investment trust's stock worth $9,050,000 after purchasing an additional 700,616 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Piedmont Office Realty Trust by 47.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,069,508 shares of the real estate investment trust's stock worth $10,802,000 after buying an additional 344,694 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Piedmont Office Realty Trust in the 3rd quarter valued at $1,812,000. 84.48% of the stock is currently owned by hedge funds and other institutional investors.

Piedmont Office Realty Trust Stock Performance

Shares of Piedmont Office Realty Trust stock traded up $0.03 during trading on Thursday, reaching $8.94. The company's stock had a trading volume of 506,761 shares, compared to its average volume of 864,993. The company has a 50-day moving average price of $9.65 and a two-hundred day moving average price of $9.08. Piedmont Office Realty Trust, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $11.11. The firm has a market cap of $1.11 billion, a PE ratio of -14.42 and a beta of 1.20. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.36.

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

Piedmont Office Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 22nd will be paid a $0.125 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.50 annualized dividend and a dividend yield of 5.59%. Piedmont Office Realty Trust's dividend payout ratio (DPR) is currently -80.65%.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price objective on Piedmont Office Realty Trust from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Friday, November 1st.

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.